Issue: December 08/February 09
Editorials

First Word

Just wait for retirement-fund members to receive their benefit statements. Trustees should prepare to address the wails of despair. Once people’s savings have been decimated, the challenge to get them to save is all the greater and must be met by government as well as institutions. Again, inadequate consumer education is shown up. Read more...


Letters

Towards better governance; SA opportunities in US litigation. Read more...


Adjudicator

The purpose of the OPFA is undermined when a fund disputes a determination, causing members to settle on less favourable terms rather than finance a court case. Here’s an example. Read more...


Financial Sector Charter

Arguments for an increase in direct shareholdings of financial institutions should be rejected out of hand. One good reason is that the fall in share prices of the financial sector will make it difficult enough to prevent even existing BEE deals from falling apart. Read more...


Smooth-bonus Policies

They’re given the all-clear by a High Court judgment. It should never have been necessary in the first place, had the Adjudicator only been given complete information. Read more...


Cover Story

No question is more anxiously asked by trustees than what they’re to do under present market conditions. To do nothing is probably best. A selection of top consultants share their advice to funds. Read more...


Public Investment Corporation

For the first time, external asset management has been put to open tender. Selection will not be an easy process, and the range of managers chosen will probably be much wider than previously. Read more...


World Rankings

The Government Employees Pension Fund features towards the top. But size isn’t everything, and the GEPF is not comparable with sovereign wealth funds. Read more...


Strategy

Alexander Forbes is doing its damnedest to shake off the shoddy image caused by past controversies. The lady newly at the helm has strong views on how to go about it. Read more...


Secret profits

Two determinations by the Adjudicator draw this unwholesome chapter closer to closure. Boards of trustees may not ratify unlawful acts. And fund members are cautioned not to expect too much of a windfall in their individual accounts. Read more...


Asset Consulting

New kid on the block is Brockhouse Cooper. It throws down the gauntlet with a unique offer of free consulting in exchange for the chance to compete on broking. Read more...


This & That

Call for reintroduction of prescribed assets; More investment for emerging markets; DB v DC for the National Savings & Social Security Fund; Beneficiary funds on the way; Institute of Retirement Funds not to split; All clear at Municipal Councillors Pension Fund. Read more...


International

The outcry over remuneration of executives in failed and bailed-out banks will have far-reaching ramifications. They will affect the SA landscape as well. Read more...


Reflections

You should have been prepared for what’s happening in the markets. The specific job of your advisors is to have prepared you, and your portfolios. Read more...


Litigation

In the fallout from Fedsure, a bunch of union-related pension funds have taken on Investec Employee Benefits. The scrap, involving mega-billions of rand, is before the courts. If it goes the distance, it will take years to resolve. Read more...


Back From Lunch

Why there’s such a financial mess. A satirical columnist finds it difficult to be satirical. Read more...


Gravy

The irony of South African emigrants to US. Read more...


Edutorials