Edition: Dec 2013 - Feb 2014
Editorials

FIRST WORD

The National Development Plan relies on a social contract. There’s hardly a better way to make a start than for the many millions of pension fund members and beneficiaries to know that they have stakes in the corporate sector, and so to realise how their interests are inextricably tied to the economy’s performance.Read more...


NEW TRUSTEE BODY

At last, it’s in the offing. Initiated by organised labour and supported by the Principal Officers Association, it’s just what the industry and government need..Read more...


THE BIG ISSUE

The suspension by the GEPF of principal executive officer John Oliphant raises a welter of serious questions. What lies behind it? Will all be revealed? To whom are the GEPF and PIC accountable? The outcome of Oliphant’s disciplinary inquiry is eagerly awaited. So too is the attempt that he promises to clear his name.Read more...


FUND ADMINISTRATION

Off to the High Court go former trustees of the IF umbrella funds in an appeal against a determination of the Adjudicator. Immediately at stake is who’ll pay for a rebuild of the funds’ databases. There are also broader issues impacting on all trustees.Read more...


CURRENTS

Why a breakdown of investment-management fees is needed; Unsecured credit is a curse for preservation prospects; Discretionary benefit increases at the GEPF; Progress in the Office of the Pension Funds Adjudicator; Cullinan’s provision on its Powerpack fund.Read more...


COVER STORY

Star state witness Peter Ghavalas has given his evidence in the surplus-stripping trial of Simon Nash. It was the moment long anticipated, and proved well worth the wait. How satisfactorily did he explain the much-vaunted “Ghavalas option”? You be the judge.Read more...


JSE RULES

Since Dave King has settled with SARS, the share price of his Micromega company has taken off. All’s well, except for the possibility of the JSE using the record to test whether its rule on “fit and proper” directors applies.Read more...


RESPONSIBLE INVESTMENT

With backing from the International Finance Corporation, the Sustainable Returns project has been launched in SA. An expert panel gives its views on what should be done for the project to gain traction.Read more...


LAW AND PRACTICE

Where one conflicts with the other on pension funds. It’s argued that there are distinct areas where the interests of workers are ignored, despite the Constitution.Read more...


COMPANY REPORTS

There is supposed to be great deal of added value in 'integrated reports', but it's sometimes hard to find. For the most part, however, it is there so long as the serious reader knows what he's looking for.Read more...


PRI IN PERSON

The hugely successful international conference was hosted in Cape Town. A delegate from abroad describes what most impressed him...Read more...


GRAVY

The cost of getting caught.Read more...


Expert Opinions