Switching Investments
When and how can you switch?
All members are automatically invested in the Life Stage 65 Portfolio. However, some members may have special reasons for preferring another portfolio. The Fund recognises the need for flexibility and permits members to change their portfolio investment from time to time.
You pay a switching fee of R490 plus VAT in respect of any change in investment strategy you make to an own-choice portfolio. This fee is deducted from your Member Credit Account. The fee will be revised on an annual basis.
If you choose a different portfolio to the one selected for your age group, you should do so only after careful consideration, and preferably after consulting an accredited financial planner. The Fund accepts no responsibility for any losses you might incur as a result of your alternative choice.
If you choose a different portfolio to the one selected for your age group, you should do so only after careful consideration, and preferably after consulting an accredited financial planner. The Fund accepts no responsibility for any losses you might incur as a result of your alternative choice.