Trevor Manuel says that ‘big business’ is too cowardly to criticise
Cosatu. He’s got a point. Cosatu should be offering the same public
accountability, transparency and engagement that it demands of others. Read more...
When 13th salary cheques are, and aren’t, taxable. Read more...
There’re some quite frightening revelations on the state of play in
the pensions industry. Sanlam pulls no punches in describing them.
What’s to be done is not as readily apparent. Read more...
When the Government
Fund decides to lead
implementation in SA
of the United Nations
Principles for Responsible Investment,
it had better be taken seriously. A
huge shake-up, for the good, is in the
offing. Read more...
Government is barking up the wrong tree about a foreign chairman
of Anglo American. An early test for the role that the GEPF has taken
upon itself could relate to the board of another SA giant that’s
relocated abroad, namely Old Mutual.
This & That
Costs of curators; Argus pension fund; SA asset manager in top 10
worldwide for ESG; Beneficiary funds’ tax change; Tool to assist selection of
beneficiary funds; Audit fees capped; Better disclosure of shareholder voting.
The Big Issue
There’s huge market potential for pension-secured housing loans.
The more the potential is realised, however, the less there’ll be for
old-age provision. In the face of a family’s immediate social needs,
does it matter?
The Institute of Retirement Funds does have a role. But it’s becoming
increasingly limited, not entirely through faults of its own.
The lack of member engagement with their retirement funds isn’t
a problem unique to SA. Poor understanding is seen as the biggest
single area of risk.
Performance Contribution Analysis and Performance Attribution
Analysis sound awfully intimidating. They aren’t really, and trustees
should understand them.
SA retirement funds must be more committed to embracing
responsible-investment policies. There are a number of good
reasons for them to do so, in their own interests and for society as
Humility and wisdom should be trustees’ primary characteristics.
They outdo the ability to tick checklists.
Briefs on some of the latest legislation, judgments and
‘Ravages of inflation’ laid bare with a good steak.