Edition: Dec 2014 - Feb 2015
Editorials

IMPORTANT NOTICE

The strike at the SA Post Office gravely affects delivery of TT hard copies. Read more


FIRST WORD

Added impetus in Financial Sector Charter for consumer financial education and trustee training. Greater incentives for signatories to grasp. Read more


DIRECTORSHIPS

The ANC in Gauteng wants retirement funds to become active shareholders for electing more black directors to the boards JSE-listed companies. Consider it seriously. Read more


JOBS FUND

Off the ground in a new way, it promises to show how successfully public-private partnerships can work. Targeted investors include retirement funds. Read more


RETIREMENT REFORM

Postponement of T-Day has come as a shock. Labour’s linkage of reform to social security makes renewed negotiations complex. Read more


CURRENTS

Retail Distribution Review opens debate on fees and commissions; Good progress at the Pension Funds Adjudicator; Apology to Dawood Seedat; FSB on complaints management; Funds’ untraced beneficiaries; More black actuaries on the way; UK dispute over fees transparency. Read more


COVER STORY

In the evolving structure of umbrella funds, there are different views about management committees. Should the umbrellas have mancos at all? If so, should they be voluntary or mandatory? Who should sit on them? What should be their role and responsibilities? Industry opinion is divided. Read more


PRINCIPAL OFFICERS

Another issue for umbrella funds is whether their POs should be paid by the fund or the sponsor. It has to do with independence and costs. Read more


CURATORS’ CONDUCT

The FSB has put out guidelines for comment. In its first integrated report, the FSB makes much play about transparency and accountability. They’ll be enhanced if the FSB regularly publishes standardised reports from all curators. Read more


GEPF 1

What the chair of the Government Employees Pension Fund must explain. The saga over John Oliphant concerns all funds seeking to understand when a principal officer should be fired. Read more


GEPF 2

Initial announcement of Oliphant’s dismissal was a mess. For a fund which insists on the highest standards of governance in others, this does not set the finest example. Read more


FUND MANAGEMENT

Research by ABSIP presents its case for accelerated transformation. Members argue for better consideration by asset consultants. Read more


CORPORATE GOVERNANCE

King IV is being drafted. Trustees are invited to participate. Read more


INTEGRATED REPORTING

Stop business as usual. Start communicating the creation of longterm value. Read more


EXECUTIVE PAY

A view from the US on income inequalities. There, as here, the education system must be fixed. Read more


LETTERS

Inefficiencies in umbrella funds; Employment model that works. Read more


CHARTERED SECRETARIES

There are compelling reasons for them to help encourage shareholder activism. Read more


GRAVY

The cost of Baleka Mbete. Read more


Expert Opinions