Editorials

FIRST WORD

To avoid a downhill slide, the discourse on the economy must fundamentally change. Through pension funds, masses of people are stakeholders. Striking mineworkers are a case in point. They aren’t mindful of where their funds are invested. Read more...


SURLUS STRIPS

There are lessons in the plea bargain of Graham Somerville. One is to be ultra-cautious when relying on expert advice. Read more...


SHAREHOLDER COMMUNICATION

Newspapers are out. Electronic interaction is in. A print leader changes hats in an initiative that can make proxy voting and meetings attendance a whole lot easier. Read more...


FINANCIAL SERVICES

The new Act paves the way for ‘twin peaks’ regulation. May its implantation be as smooth as hoped, without the anticipated downside. Read more...


CURRENTS

Towards FSB circular PF130 becoming a directive; Absa in curators’ line of fire; Rockland reports on progress; Adjudicator on withdrawal benefits; SEB gets Aon fund; Appeal on IF umbrella funds closer to court; Problem with unclaimed benefits; Query on Municipal Employees Pension Fund; Press ombudsman rules on TT article. Read more...


COVER STORY

Muscular kid on the block, with intentions of growing into a major industry player, is the Batseta Council of Retirement Funds for SA. Steering committee chair Isaac Ramputa discusses why the three major trade-union federations – Cosatu, Fedusa and Nactu – have come together with the Principal Officers Association for the launch of this trustee organisation. Read more...


LITIGATION

Standard Bank ultimately wins the arbitration over a hedging agreement with the Saccawu national provident fund. Some R500m was at stake. The fund’s curator thinks he shouldn’t have lost. Read more...


RETAIL STRATEGY

It’s too early for Alexander Forbes to reveal all. But as it prepares for a JSE listing, there are questions whose answers its clients and competitors will be keen to hear. So too will the analysts. Read more...


LEGAL DISPUTES

Once again, it focuses on the Cadac pension fund. A series of appeals is expected against a High Court judgment. They have numerous ramifications, curatorship “independence” and costs amongst them. Read more...


FUND GOVERNANCE

New trustees at the Government Employees Pension Fund are set to take office. An agenda priority could be on the future of suspended principal executive officer John Oliphant. Read more...


INVESTMENT COSTS

The effects of charges on a retirement portfolio are examined in a case study. They hit hard. Read more...


TRUSTEES’ CRUCIAL ROLE

Elias Masilela, Terry Bell and Mehluli Mncube respond to the argument that pension funds are a vital component to help build a social compact, critical for success of the National Development Plan. Read more...


GRAVY

Foreign ownership of SA holiday homes. Read more...


Expert Opinions