What’s in a name? Quite a lot, actually. The trouble with
“pensions” is simply that the term is downright boring, belying the
empowerment that they’re really about. Read more...
The ASISA Academy and Today’s Trustee enter a partnership intended
to assist the education and awareness of retirement-fund trustees on
issues that vitally concern them. Read more...
Trade Unions 1
Trustees of the Ppwawu fund have stood bravely against interference
from their union. It hasn’t been easy, and it still isn’t. Read more...
Trade Unions 2
And not only at Ppwawu. There have been ructions at the SA
Municipal Workers Union too, but now its fund trustees have won a
High Court ruling which reasserts their independence. Read more...
Yet the largest union federation is taking none of it lying down.
Resolutions adopted at its national congress affirm its defiant stance
on this and other issues affecting retirement funds.
This & That
Old Mutual streamlines while largest shareholder wants it to become
a “pure” SA company; Final word from the Supreme Court of Appeal
on the market-value adjuster; NBC dispute with trustees of the
Private Sector Security Provident Fund goes to the FSB Appeal Board;
International Finance Corporation takes a look at how SA asset
managers are integrating environmental, social and governance
factors on investment decisions.
the guidelines for
by retirement funds, is
up for review. National
Treasury readies itself
for a huge debate.
Because of complexity,
and controversy sure to
be aired, the process
to finalisation can take
Are trustees required first to maximise their funds’ financial
returns and only afterwards consider broader matters such as
the social responsibility of companies where they invest?
No, says legal opinion endorsed by the UN Environment
Programme Finance Initiative.
Some startling numbers emerge on what’s being paid.
Minister Gordhan wants certain practices reviewed,
and high time too. Another killing might be made
on Alexander Forbes’ proposed ‘Lifecare’ settlement.
That old argument, about whether black members of
pension funds should be recognised as company owners
for BEE purposes, again rears its head.
There’s a peculiar disconnect between policy and practice.
An obvious way for trustees to add value is not by
looking to ever-more complex structures.
Ultimate yield, the litmus test, is best assured
by encouraging members to hang in.
The actuaries’ conference and Woody Allen.