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Elderly Asian man outside, teaching his young granddaughter how to take care of a pot plant. Elderly Asian man outside, teaching his young granddaughter how to take care of a pot plant.

Retail retirement funds trustee newsletter 2023

We are proud to share another Momentum retail retirement funds trustee newsletter with you. How you invest for retirement is one of your most important financial decisions. It's worth it to take the time to understand the rule changes to transferring retirement annuity contracts and how changes to Regulation 28 will affect your retirement fund investments.

We also explain the advantages of using retirement benefit counselling when you're nearing retirement, how to choose the right annuity as part of retirement planning and why it's important to nominate a beneficiary on your retirement fund.

Middle-aged African couple reviewing their retirement annuity contracts on a tablet.

How transfers of retirement annuity contracts have changed

Since 1 March 2023, the law prescribing the transfer of a contract from one retirement annuity fund to another has changed. Before this date, you had to transfer all your contracts from one retirement annuity fund to another.

Learn more
A white woman nearing retirement, seated at her home desk in front of a window with plants, applying for retirement benefit counselling on her laptop.

Advantages of retirement benefit counselling

Retirement funds must give their members access to retirement benefit counselling when they near retirement and at retirement. This helps members understand what retirement options are available.

Learn more
An established African couple doing research on the different annuity options available to them at retirement on a tablet, while having a cup of coffee.

Choosing the right annuity at retirement

A successful retirement means you can maintain your standard of living without financial assistance from others. Making smart decisions about how to manage your retirement savings is essential.

Learn more
An African woman in front of her laptop at the office, confidently smiling ahead after updating beneficiaries on her retirement fund.

Advantages of nominating a beneficiary

The death benefit from your retirement fund will not necessarily be distributed as specified on your nomination. Making a beneficiary nomination gives you control and certainty over where your money will go.

Learn more
A middle-aged white woman reading a letter from her financial services provider about the latest regulation changes on her pension fund.

Changes to Regulation 28: How does it affect you?

From January 2023, Regulation 28 of the Pension Funds Act will limit how much retirement funds can invest in particular asset classes or individual assets to protect retail investors.

Learn more

Momentum Wealth Retirement Annuity Fund

Read the rules (pdf)

Momentum Wealth Pension Preservation Fund

Read the rules (pdf)

Momentum Provident Preservation Fund

Read the rules (pdf)

Momentum Retirement Annuity Fund

Read the rules (pdf)

In case you missed it

Find all our previous newsletters under one, easy-to-find space, for your convenience.

A content retired African couple sitting on beach sand, enjoying warm and sunny weather at the beach.

Retirement funds trustee newsletter 2024

A content retired white couple, enjoying the winter, sunny outdoors, dressed in jeans, scarves and jerseys.

Retirement funds trustee newsletter 2022

A red icon illustration of a portfolio folder representing archived resources.

Archived Trustee Newsletters

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