Issue: June/August 09
Editorials

First Word

Everybody screams for lower interest rates. Not everybody benefits from them. The sounds of the savers are drowned out. Read more...


Letters

Much to say about trustee training. There is progress. Read more...


The Big Issue

There are eleven solid reasons for the head office of Old Mutual to be returned from the UK to SA where it’s been for more than a century and where the group’s profits are made. The offshore strategy was an enormously expensive error of judgment that should be reversed, to the extent that it hasn’t already. Read more...


Stakeholder Relations

What a certain chief executive didn’t say, but might have thought. Plus what a certain investor-relations department does say, officially. Judge which makes more sense. Read more...


Performance Rankings

Thanks to Asisa’s backing of Gips, the way is being cleared for uniform and consistent disclosure standards. High time too. Read more...


Cover Story

Company reports are supposed to be intelligible, said King II. They still aren’t. Now we have a draft of King III, which says the same thing but ignores modern-day means and requirements to bring it about. Some suggestions to make the latest King more relevant. Read more...


Investment

A close look at absolute-return funds; what they’re supposed to mean and what they can often disguise. Read more...


Divorce Benefits

Better treatment for spouses who aren’t fund members. How trustees can best deal with the new law. Read more...


Trustee Boards

Some coalface experience on how many boards operate. It contrasts with the way they should operate. Read more...



Book Review

Prof Robert Shiller’s latest work is The Sub-Prime Solution. A key is to elevate the influence of pension funds that own the companies. Read more...



Fraud

Prevention requires greater responsibilities for principal officers as the custodians of retirement funds’ assets. Read more...



Legal Update

Briefs on some of the latest legislation, judgments and determinations. Read more...


Gravy

Be grateful for not-so-small mercies. Read more...


Edutorials