Beneficiaries using two-pot withdrawals to settle debt

JOHANNESBURG - Fund managers are processing a high number of two-pot retirement system withdrawals.

This is making clear the main reasons behind claims.

One industry expert says beneficiaries are cashing out to settle short-term debts and service car loans.

For more on the debate around these withdrawals,eNCA's Gareth Edwards spoke to Guy Chennells, the chief commercial officer of corporate and employee benefits at Discovery.