An occasion to call back the past and renew inspiration
for the future. Read more...
In a discussion paper, the FSB has proposed a more
coordinated and centralised approach to consumer
financial education. Training of fund trustees needs
similarly to be reviewed. Read more...
The Big Issue
Surveys ranking the performance of asset managers carry
enormous weight. But they have flaws not readily apparent.
Retirement funds should be careful not to make decisions
based on surveys alone. Read more...
This & That
PIC holds back on external managers; Registration of
GEPF shares; Old Mutual’s share price; Provident funds;
SA investors in Madoff; King III posers; Ghavalas plea bargain;
FSB enforcement committee; Mort moves; Saccawu case;
Investec/Fedusa settlement; JSE comparisons.
President Motlanthe has given signals that the introduction of
prescribed assets is being seriously considered. The case for them
is wobbly. Retirement funds, whose returns will be hit, have strong
grounds to resist. They’d better be heard before it’s too late.
There was an abundance of red flags, all ignored, on the
$50bn scheme of New Yorker Bernard Madoff.
They offer a checklist for SA investors and regulators.
It’s taking terribly long. There are good reasons why.
It’s trite that retirement funds are for the long term.
In the crash of equity markets, trustees must not forget it.
When the member of a pension fund dies, the surviving
spouse can qualify to inherit the pension benefits
irrespective of the deceased’s last will and testament..
Briefs on some of the latest legislation, judgments and
Governments are the biggest Ponzi operators of them all.