Standardised Umbrella fund costs are here – no more comparing apples with oranges.

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.

https://on24static.akamaized.net/event/20/17/05/4/rt/1/documents/resourceList1561123283987/asisastandardretirementsavingscostrscdisclosure1561369302614.pdf

Geo Botha CFP®