The new ASISA Retirement Savings Cost (RSC) Disclosure Standard comes into effect from 1 September 2019. The Standard will require umbrella retirement funds to present all their costs in a standardised manner.
Advisers and employers can now compare like for like when considering quotations from different funds.
At Bovest we believe this is a very positive change in the retirement fund industry and will effectively eliminate hidden costs or cross subsidisation.
Below you can find a link with all the detailed information, but kindly contact us and we will explain and summarize the changes and implications.
Geo Botha CFP®