Pension funds should have been outspoken over the damage caused
by Nenegate to their asset values. Instead, they were nowhere to be
heard. If ever the need were apparent for them to have a collective
voice, this was it.
Some top asset consultants share their advice to pension funds
on portfolio construction during this period of extreme volatility.
A contrarian view, not to write off the rand, might not be too
contrarian after all.
Welcome the introduction of a standardised Effective Annual
Cost measurement for retail products. It applies to all collective
investment schemes including retirement annuities.
Scrap looms over Tongaat-Hulett fund. Former trustees are off to
court while present trustees suggest that, even if they succeed in
their action, they’ll remain in much the same position.
Could be that an end to the long curatorship of the Saccawu fund will
draw to a close; Supreme Court of Appeal intervenes over Cadac fund;
GEPF discloses its exposure to Independent News & Media; Union
leverage in delaying an element of retirement fund reform; UK body
wants costs clarity for pension funds; TT’s production schedule.
A significant milestone is the celebration by the United Nationsbacked
Principles for Responsible Investment of its tenth
anniversary. Reflect on what the PRI has achieved and where
it’s headed, especially for SA retirement funds. There are serious
impacts, some already realised and more still intended.
FINANCIAL SERVICES BOARD 1
A hornet’s nest has been stirred by FSB deputy executive officer
Rosemary Hunter. Her allegations go beyond the cancellations
of ’dormant’ retirement funds. While the official response to her
affidavit is awaited, an FSB statement on its annual report is
open to challenge.
FINANCIAL SERVICES BOARD 2
Through the Hunter controversy, a step at a time, as it began to
unfold on Biznews.
JSE provides more detail on the methodology for its new ESG
index in partnership with FTSE Russell.
Long-term investors such as pension funds should play closer
attention to the practical utility of ESG data.
A father of smart-beta indices questions whether ’smart beta’ is
really as smart as its proponents purport.
How passive investment has opened up for ESG; Tax precedent for
History repeats itself where it shouldn’t.