Actuarial news and views from Cape Town and beyond

Metropolitan’s Preservation Fund Plan

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Last year Metropolitan introduced its Preservation Fund Plan. This aims at preserving retirement savings when changing jobs. The need for this arose due to people often choosing to access a large part, or even all, of their retirement savings when exiting certain retirement funds.

The Preservation Plan is a flexible offering – allowing one to access or switch investment portfolios depending on what is required. Also, at retirement, members have the option to leave their retirement savings invested in the preservation fund for as long as they choose to. This aims to protect and grow retirement savings.

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