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

In this Smart Money with Alishia Seckam interview, Jaco van Tonder discusses South Africa’s new two-pot retirement system.

Van Tonder is Ninety One’s Advisor Services Director in South Africa and previously worked in the same team as its Sales Director.

Prior to these roles, van Tonder was the Head of Distribution for the Ninety One Investment Platform – and he has held leadership positions at the company for nearly 15 years.

Van Tonder is a Fellow of the Institute of Actuaries and holds an Honours in Actuarial Science from the University of Stellenbosch.

The interview

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.

Watch the full Smart Money interview with Jaco van Tonder below.