MyMoney Online, The Personal Finance series with Warren Ingram

Treasury delays (some) retirement reforms. Here’s what it means for you…

Treasury has set aside – by two more years – the new requirement that provident fund members must annuitise two thirds of their pension at retirement.

Provident fund members can, at the moment, take their whole benefit as a lump sum at retirement.

The Money Show’s Bruce Whitfield interviewed Galileo Capital Financial Advisor Warren Ingram for his weekly personal finance feature.

Ingram discussed what the delay in retirement reforms means for your pocket.

Scroll down for quotes from the audio below.

You can’t expect returns of 10% or more.

Warren Ingram, Galileo Capital Financial Advisor

January was one of the worst Januaries ever.

Warren Ingram, Galileo Capital Financial Advisor

If Cosatu really cared about their members, they should have accepted this as a no-brainer. It’s like taking their members and shooting them, financially!

Warren Ingram, Galileo Capital Financial Advisor

I agree; there was a lot of miscommunication.

Warren Ingram, Galileo Capital Financial Advisor

Pravin has the second most secure job security in the world, after the Pope.

Warren Ingram, Galileo Capital Financial Advisor

Pravin has lost this battle. I thought he was untouchable!

Warren Ingram, Galileo Capital Financial Advisor

This smacks of cheap politics!

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

3 shares that’ll boost your wealth, if you buy now (by Cannon Asset Managers)

The Money Show’s Bruce Whitfield interviews Cannon Asset Managers Portfolio Manager Samantha Steyn.

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

‘If Mugabe could be shafted so can Zuma - the view of many in SA’

The Money Show’s Bruce Whitfield interviews independent political analyst Daniel Silke.

How to start a career (or business) with no experience, money or support

How to start a career (or business) with no experience, money or support

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

5 things South Africans still misunderstand about retirement reforms

5 things South Africans still misunderstand about retirement reforms

Old Mutual principle consultant Michelle Acton tries to clarify misunderstandings surrounding retirement reforms.

How retirement reforms (effective from 1 March) will affect your golden years

How retirement reforms (effective from 1 March) will affect your golden years

Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram about retirement reforms that are about to take effect.

President Jacob Zuma signs retirement reforms. Here’s what they entail…

President Jacob Zuma signs retirement reforms. Here’s what they entail…

Bruce Whitfield interviews Michael Prinsloo, Alexander Forbes' Head of Best Practice in Research and Product Development.

Popular articles
7 tips on how to keep your child safe in public

7 tips on how to keep your child safe in public

Social worker and Childline manager Faiza Khota shares practical advise on how to help protect children in public spaces.

Soon you may not be able to light up in public (indoors or out!)

Soon you may not be able to light up in public (indoors or out!)

The Dept of Health is looking to introduce draft legislation that includes a complete ban on all smoking in public areas.

'KZN nudist beach would be a draw card for international tourism'

'KZN nudist beach would be a draw card for international tourism'

Chairman of KZN Naturists Association Christo Bothma says having the section of the South Coast beach will boost the economy.

New drug known as 'flakka' hits Durban

New drug known as 'flakka' hits Durban

Sam Pillay, founder and director of Anti-Drug Forum SA says once the drug takes effect, the user appears possessed.

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.

Falling out of love? Signs and stages of romantic disengagement

Falling out of love? Signs and stages of romantic disengagement

Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.

Celibacy liberated me - Amanda Ndiki

Celibacy liberated me - Amanda Ndiki

Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.