Editorials

FIRST WORD

Mandatory preservation, despite the relief envisaged, is being politicised. It calls for a political solution, specifically the intervention of the new finance minister. A better educational programme is a prerequisite too. Read more


TRANSNET FUNDS

The way has been cleared for a multi-billion rand class action. But this is merely the start of a long process where the pension funds and Transnet itself have indicated strong defences. Read more


ADJUDICATOR

Administrator Aon lashed for bullying tactics against a small pension fund. Behaviour described as a “wrongful act”. Read more


CURRENTS

Wide discrepancies in what trustees are paid, when they are paid; FSB starts to publish curators’ reports that previously it didn’t; Sanlam and Old Mutual surveys, and a useful handbook; Employers’ quandary on pension contributions for striking workers; UK’s clever annuities providers; New PLA president; Batseta answers ABSIP. Read more


COVER STORY

Private-sector pension funds can make a huge contribution to the funding of public infrastructure. Trustees need to know how, in the interests of their funds and of the country. A synthesis of expert views sets out to help them. Read more


UMBRELLA FUNDS

A new competitor enters the picture. Sentinel plans to extend from its mining-sector base to other clients. Read more


CURATORSHIPS

Next round in the response of FSB executive officer Dube Tshidi to TT and of the TT response to Tshidi. It’s all about transparency, or lack of it. Read more


PENSION BENEFITS

There’s a strong case that conversion of the Eskom fund from DB to DC be seriously considered. This would be in the interests of consumers and taxpayers, and could well be in the interests of fund members too. Read more


SHAREHOLDER ACTIVISM

Much is being heard from government and the ANC about “radical economic transformation”. Whether it’s a good or bad thing depends on what it’s taken by its proponents to mean. Pension funds have a role. Read more


DEATH BENEFITS

Real dilemmas for trustees when they must determine distributions. Fortunately, there are some clear do’s and don’ts. Read more


PENSIONS LAW

There’s no room for confusion on the conflicts of interest that trustees might think they face. They’re obliged to act in one capacity only. Read more


ENVIRONMENT

Insufficient attention is being paid by pension funds to the impact of carbon emissions on their investment strategies. There can be profound long-term consequences. Read more


GRAVY

Abil’s annual report in hindsight. Read more


Expert Opinions