Smart Money – Ninety One’s Jaco van Tonder on withdrawing money from the two-pot retirement system

Jaco van Tonder is Ninety One’s Advisor Services Director in South Africa and has over 20 years of industry experience. In this Smart Money interview, van Tonder summarises how the new two-pot retirement system works. He then explains why the two-pot system was instituted and why it is unwise to withdraw money from your savings pot. Van Tonder also discusses whether Ninety One has seen a rush from its clients to claim from their savings pot. He concludes the interview by providing insight into how he thinks the two-pot retirement system will impact the South African financial markets in the short and long term.