Institute of Retirement Funds Africa (IRFA)
The Institute of Retirement Funds Africa (IRFA) is a non-political body which represents and promotes the interests of the retirement industry in Southern Africa, to the ultimate benefit of the members of retirement funds. The most important function of the IRFA is to represent the retirement industry in negotiations with government authorities and the Financial Services Board (FSB), which would include commenting on legislation and tax matters affecting retirement funds/pensioners etc. The IRFA therefore depends on total support from all parties concerned with the retirement benefit provision industry.
The IRFA has been actively involved in setting out the key principles of retirement provision for all South Africans:
All segments of South Africa’s population need to be addressed by any retirement provision objective and policy.
Continuation of tax incentives to encourage saving for retirement
A solid funding and financing system to ensure stability and certainty for the future
Transparency and member involvement
Preservation of funds until retirement to be encouraged
Provision to make retirement income inflation linked