Members are now able to retire from their individual investment accounts within the following retirement funds:
Previously, members who had multiple investment accounts within the same retirement fund were required to retire from all of their investment accounts at the same time.
Members retiring from the Allan Gray Retirement Annuity and Pension Preservation funds can take a maximum cash lump sum benefit of one-third of their investment value in the investment accounts that they are retiring from. If they would like to access this benefit, they will need to do so at the point of retiring from their investment accounts and cannot defer it until their next retirement from the fund.
When dealing with investments, including retirement funds, we recommend that you speak to a financial planner.
If you have any questions please contact us.