Bank charges under scrutiny & Two-Pot retirement withdrawals rise
Episode description
Stephen Grootes speaks to Michael Jordaan, Co-founder of Bank Zero about the Financial Sector Conduct Authority's (FSCA) and Kokkie Kooyman, Executive Director & Portfolio Manager at Denker Capital about concerns over significant disparities in bank fees for similar products and services, and the authority's efforts to assess and regulate these practices to ensure fairness and transparency for customers.
In other interviews, Natasha Huggett-Henchie, consulting actuary and member of the Actuarial Society of South Africa’s Retirement Matters Committee about the two-pot retirement system, where many members are making repeat withdrawals, with around 75% of applications being second claims, and the average withdrawal amount dropping from R20 000 to R6 000.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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