Government puts retirement reforms on ice. Cosatu and Allan Gray comment...

What are the implications of the delay in retirement reforms, as proposed by Treasury?

The Money Show’s Bruce Whitfield interviewed Richard Carter, Head of Product Development at Allan Gray.

Whitfield also played a clip of Stephen Grootes who spoke to a Cosatu spokesperson.

Scroll down for quotes from the audio below.

To say that people fritter their money away is an insult to workers.

Cosatu spokesperson

Township people and rural people do appreciate the need to save, hence stokvels.

Cosatu spokesperson

I’m disappointed, because this has been a long time coming.

Richard Carter, Head of Product Development at Allan Gray

Cosatu is overstating the impact of the changes that was due to come in.

Richard Carter, Head of Product Development at Allan Gray

The commercial implications of this, for us, is not significant.

Richard Carter, Head of Product Development at Allan Gray

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