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Today, the President signed the Pension Funds Amendment Bill into law, following his signing of the Revenue Laws Amendment Bill last month on 1 June 2024. Visit https://www.discovery.co.za/business/two-pot-retirement-portal for more info

Two-Pot legal hurdle crossed, now the race to prepare is on - Pension Funds Amendment Bill signed into law today 21 July 2024

Today, the President signed the Pension Funds Amendment Bill into law, following his signing of the Revenue Laws Amendment Bill last month on 1 June 2024. This means that all prerequisites for SA’s new Two-Pot retirement system to take effect from 1 September 2024 have successfully been concluded. Visit https://www.discovery.co.za/business/two-pot-retirement-portal - a Two-Pot info hub for more

July is National Savings Month - the long-term intention of Two-Pot is to improve the country’s retirement outcomes by keeping South Africans in work and saving more, for longer.

July Savings Month highlights how Two Pot can improve SA retirement outcomes

With July being national savings month in South Africa it’s worth remembering that beyond providing access to retirement savings in cases of emergency, the long-term intention of Two-Pot is to improve the country’s retirement outcomes by keeping South Africans in work and saving more, for longer.

Discovery Employee Benefits sees increasing uncertainty in insurance claims

Discovery Employee Benefits sees increasing uncertainty in insurance claims

As the world starts putting COVID-19’s high mortality claims behind it, the insurance industry is battling a wave of uncertainty. While Discovery Employee Benefits paid a total of R1.94 billion in death and disability claims through its Group Risk benefits between 1 July 2022 and 30 June 2023, the group affirms that it’s been very complicated to predict death and disability claims in the period.

Discovery Employee Benefits - Claims Data Insights 2022

The Ongoing Impact of COVID-19 on health and mortality

While the worst appears to be behind us in terms of the climbing infections, high death rates and the economic impact of the global coronavirus outbreak, deaths due to cardio-metabolic (heart and nervous system) and cancer-related conditions are now strikingly high in this post-COVID world. This is according to annual Group Risk claims data released by Discovery Employee Benefits.

Our core purpose and values guide us in all we do. A clear and profound promise: to make people healthier and enhance and protect their lives.

Discovery is a shared value insurance company whose purpose and ambition are achieved through a pioneering business model that incentivises people to be healthier, and enhances and protects their lives.

Discovery Limited

Discovery Group Limited, 1 Discovery Place, Sandton
2196 Johannesburg
South Africa