In the current SA discourse there are terms commonly used that
affect the role and governance of pension funds.
A big help would
be clarity and consensus on their meanings, especially as emerging
markets fall from the favour of international investors.
‘Ghavalas option’ charges against Wynne-Jones have been dropped.
Take stock on the present state of play as only one criminal trial still
RESPONSIBLE INVESTMENT 1
UN-backed report lays it on thick about trustees’ fiduciary
duties when they come to environmental, social and governance
responsibilities. Advances and challenges in SA implementation.
RESPONSIBLE INVESTMENT 2
Action on climate change is upon us. It will impact on pension
funds’ investments. Meanwhile, two cheers for the new JSE/FTSE
sustainability index series.
Gaia lists on JSE for direct investment in infrastructure projects; Trustee
remuneration needs guidelines; Fairheads and FedGroup in marketing
battle; High Court date still awaited on liability for database rebuilds;
Two big funds get top awards while the Pension Funds Adjudicator is
scathing about another; How SA pension funds shape up internationally;
UK opposition to fees disclosure being standardised; Horses for courses
in RI index constituents.
National Treasury should rethink its proposals for default
investment portfolios. As they stand, an unintended consequence
will be negative for private equity and so dampen an intention of
FSB Appeal Board thrashes the principal officer and trustees of
the SA Local Authorities Pension Fund for misbehaviour.
It’s been13 years since the Saccawu national provident fund
was placed under curatorship. Despite continuing litigation, or
perhaps because of it, the Registrar should now seek to replace
the curator with competent trustees. Meanwhile, a dispute about
the fund’s dismissed principal officer is being heard in secret at
Size does matter, but the respective cases for larger and
smaller are argued from diametrically opposite corners.
Latest circulation figures make the R500m investment by the
PIC in Independent News & Media increasingly curious. What
criteria were applied and what returns are being shown? The
PIC should answer.
Student protesters undermine their own credibility when they attack
trustees of the UCT pension fund.
Rewards from private equity for investors and the economy.
Properly presented and used, integrated reports should be of great
value for trustees to evaluate the long-term performance of investee
No 1 tax question.