Editorials

FIRST WORD

Conflicts of interest in the retirement-fund industry are sometimes difficult to avoid, and can be unnecessary to avoid when a better outcome for clients is in the offing. The best assurance against rip-offs is that conflicts are properly disclosed and managed, not only by service providers but also by vigilant trustees. Read more...


FUND ORGANISATION

Batseta is set to be formally launched. Its interim board comprises trustees and principal officers who represent almost 80% of SA pension funds’ total assets. Read more...


CURATORSHIP FEES

FSB executive officer Dube Tshidi promises that there’ll be comprehensive disclosure in the public domain. Delivery on this promise is keenly awaited. Read more...


TRUSTEESHIP MODELS

When it comes to member representation, especially on umbrella funds, there are contrasting views on what’s best. Read more...


CURRENTS

Vital change in Financial Sector Charter code; ESG policy compliance scored; Skills challenges in the National Development Plan; Eskom fund stimulates affordable housing; Curator’s private dealings in court spotlight. Read more...


COVER STORY

There’s constant increase in life expectancy. Retirement planning isn’t keeping pace. The realities to be confronted are depressingly harsh, and there are no easy ways out. The problems are worldwide, not least for SA. Policy change is one thing, but behavioural change is quite another. Read more...


BLACK EMPOWERMENT

ABSIP puts the case for a bigger slice of the asset-management cake. Based on survey findings, it contends that the ‘rules of the game’ should be revisited. Read more...


TRAINING

The ASISA Academy is doing its bit to encourage the career paths of young graduates into the asset-management industry. Targeted courses and work internships are proving successful. Read more...


GOVERNMENT EMPLOYEES PENSION FUND

By end-April it was seven months since GEPF principal executive officer John Oliphant was suspended. TT has been trying to push the process along. With a new board in place, there should soon be resolution. Read more...


GOVERNANCE

Particularly in the public sector, suspension is the too-quick and too-frequent response of boards when senior executives are suspected of malfeasance. Other possible remedies might be more appropriate. Read more...


PENSION LAW

Two recent judgments conflict with one another on when divorce orders, relating to “pension interest”, can be rectified or varied. For the future, surrounding facts could be all-important to decide which precedent will apply. Read more...


DEATH BENEFITS

Trustees must make every effort to find complete information about fund members’ dependents. There are serious implications in not doing so, but also a possible solution. Read more...


FUND CHANGES

An update, in a nutshell, of what’s on the way. The sooner that trustees start to prepare, the better. Read more...


GRAVY

Complaint to the NCC about the NCC. Read more...


Expert Opinions