A Group RA is the same as an individual RA, except that the employer facilitates the payment of contributions to the selected RA administrator through the company’s payroll system. Therefore, if the individual leaves the company there is no need to transfer the retirement savings as it is already in the individual’s name. The individual is also able to continue contributing if they wish to.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
