In a society where political
correctness is pervasive it’s
often safer to keep quiet,
which is one reason Today’s Trustee
doesn’t always identify authors of articles. Where no
bylines appear, they are the sole responsibility of the
publication, which can have fortunate consequences.
Read full article...
New Order Beckons
In a series of rulings unfavourable to life
offices, the Pension Funds Adjudicator has
upheld complaints from various RA investors
over deductions made from their payouts. Life offices
are reportedly inundated with similar complaints. Why
are so many investors so suddenly up in arms? Read full article...
Reader feels that at last there is
voice speaking up for the empowerment
of member-elected trustees.
The Big Issue
The chairman of a small pension fund
asks if there is any justification for
members to contribute to a faceless
mass of BEE beneficiaries who may be
better off than those expected to make
On one side of the street,
the white employer-nominated
trustees associated with Seifsa. On
the other, the Pensions Fund
Registrar and dozens of
employee-elected trustees, primarily black.
At stake are billions of rand in pension and provident
fund surplus. Both sides can’t be right.
In a series of rulings unfavourable to
life offices, the Pension Funds
Adjudicator has upheld complaints from
various RA investors over deductions
made from their payouts. Life offices are
reportedly inundated with similar
complaints. Why are so many investors
so suddenly up in arms?
Let The Debate Begin
Pricing in the retirement-fund industry is inconsistent and, in some
cases, exorbitant, according to a KPMG survey.
Trustees can find themselves
between a rock and a hard
place when it comes to
court orders regarding
American workers who want the
same standard of living they had
immediately before retiring will have
to work longer. Research indicates
that the Baby Boomers will be unable
to retire before age 70.
managers regurgitating the same old