We are excited to present to you our first newsletter for 2025, which contains important information regarding the protection of your retirement savings.
Our first article highlights the responsibility of an employer to not only deduct but also remit retirement fund contributions. Failure to fulfil this obligation constitutes a breach of both legal and contractual duties, potentially resulting in serious consequences for those in charge of the employer entity. We encourage members of our umbrella funds, as well as members of other employer funds, to regularly verify their salary deductions to ensure proper investment and to take action if any discrepancies are found.
As we navigate a rapidly changing world, it is clear that Artificial Intelligence (“AI”) will play a major role in shaping how we do business in the future. However, the use of AI is not without risk and it is imperative for financial institutions to establish robust frameworks to mitigate these risks and safeguard members’ savings. Our second article provides important insights on this topic.
We have also included market commentary from Prescient Investment Management for your information.
Regards,
Helena
