⇛ **Discussion: The Future of Retirement Funds- Member-centric Approach**
In this insightful discussion, moderator Andile Khumalo leads an esteemed panel including Hein Klee, MD at NMG Consultants & Actuaries, Guy Chennels from Discovery Invest, and Michelle Acton from Old Mutual. The conversation revolves around the need for specific reforms in default regulation to shift the focus of retirement funds from the boards and umbrellas to the member.
**Tags:** retirement funds, default regulation, member-centric approach, umbrella funds, investment consultants, retirement industry, asset management
The panel delves into the evolving retirement fund industry and questions the viability of small pension funds in terms of cost, the role of actuaries and investment consultants, and the impact of administration costs. The focus remains on what is in the best interests of the member, unraveling the dynamics between standalone and umbrella funds.
They explore how the simplicity and ease of understanding in benefit structures lead to optimal outcomes for retirement fund members. The discussion also encompasses the advantages and considerations of umbrella funds, including the influence of product providers and the critical decision-making process involved in joining an umbrella.
Moreover, the panel addresses the seamless integration required between pre and post-retirement, emphasizing the importance of default investment portfolios and annuities in preserving and controlling costs for individual members.
Dive into this thought-provoking debate to gain a comprehensive understanding of the shifting dynamics in retirement fund management and the impact of member-centric approaches on the industry’s future.
*Source:* [Retirement Funds Management Insight](link-to-source.com)
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