Heterogeneity effects on the management of retirement fund

Background: There is growing uncertainty in global society with regard to how retirement savings should be approached. The primary reason for this is that most societies do not save enough and their citizens run out of money during retirement. Aim: This study investigates whether the limitations imposed by Regulation 28 of the Pension Funds Act of South Africa encourage optimal asset allocation and reduce investment risk for retirement savings when contrasted with discretionary investment. Setting: The study looks at hypothetical individuals who are subject to tax and retirement consequences as administered by South African legislation. Methods: A quantitative risk and return analysis was performed while considering two hypothetical investors who are identical in all aspects other than their choice of investments. Results: The findings indicate that Regulation 28 is effective in reducing the investment risk of retirement savings; however, it may also force the investor to sacrifice wealth. Conclusion: Depending on the tax bracket in which the investor sits, discretionary investment may be preferential to investing in a retirement fund under the mandate of Regulation 28.

Download Full-text

Shoot Heterogeneity Effects on Shiraz/Richter 99 Grapevines. II. Physiological Activity

South African Journal of Enology and Viticulture ◽

10.21548/29-1-1446 ◽

2016 ◽

Vol 28 (1) ◽

Author(s):

H. Cloete ◽

E. Archer ◽

V. Novello ◽

J.J. Hunter

Keyword(s):

Physiological Activity ◽

Heterogeneity Effects

Download Full-text

Distinguishing area and habitat heterogeneity effects: a simulation test of the MacNally and Watson (1997) protocol

Austral Ecology ◽

10.1046/j.1442-9993.2000.01017.x ◽

2000 ◽

Vol 25 (1) ◽

pp. 8-15 ◽

Cited By ~ 8

Author(s):

Keith A. Mcguinness

Keyword(s):

Habitat Heterogeneity ◽

Simulation Test ◽

Heterogeneity Effects

Download Full-text

Upscaling of CO2 injection into brine with capillary heterogeneity effects

Journal of Petroleum Science and Engineering ◽

10.1016/j.petrol.2015.07.021 ◽

2015 ◽

Vol 134 ◽

pp. 60-75 ◽

Cited By ~ 22

Author(s):

Avinoam Rabinovich ◽

Kasama Itthisawatpan ◽

Louis J. Durlofsky

Keyword(s):

Co2 Injection ◽

Heterogeneity Effects ◽

Capillary Heterogeneity

Download Full-text

Extending Death Benefits to Cohabitants under Section 37C of the South African Pension Funds Act: Hlathi v University of Fort Hare Retirement Fund

Journal of African Law ◽

10.1017/s002185531200006x ◽

2012 ◽

Vol 56 (2) ◽

pp. 296-306

Author(s):

Ntombizozuko Dyani

Keyword(s):

South Africa ◽

South African ◽

Legal Protection ◽

Pension Funds ◽

Bill Of Rights ◽

The South ◽

Retirement Fund ◽

University Of Fort Hare

AbstractCohabitation is left largely unregulated in South Africa, which means that many cohabitants are left destitute or financially worse off when their cohabiting partners die. The Pension Funds Act 24 of 1956, in particular section 37C, is one of the few pieces of legislation that afford legal protection to cohabitants who are left financially worse off due to the death of their partners. However, three previous pension funds adjudicators gave different views as to how to interpret this provision. This note seeks to compare three decisions by three different adjudicators and concludes that the latest decision in Hlathi is the most preferred, because it interprets section 37C progressively, taking into account the spirit, purport and objects of the Bill of Rights.

Download Full-text