# Despite the recent signing of the Pension Funds Amendment Bill, substantial work remains before the two-pot retirement system’s implementation on September 1, this year. Old Mutual’s Michelle Acton highlights the need for administrative readiness and integration with SARS. Initial seeding calculations and fund amendments are also deemed crucial for payouts. While some funds are prepared, delays in submitting rule amendments to the Financial Sector Conduct Authority may hinder withdrawals. Members must ensure accurate information and be patient as payouts may take weeks or months depending on the provider’s processes.
Substantial work needs to be done before implementation of two-pot retirement system