Issue: September 2012 / November 2012
Editorials

FIRST WORD

The ‘democratisation’ model, for equal representation of employers and employees on pension-fund boards, is not working as well as originally envisaged. It should be reviewed for greater effectiveness. Read more...


STEWARDSHIP

Take several leaves from the report of the Kay Review recently published for the UK government. It’s filled with relevance for SA. Read more...


PENSION FUNDS ADJUDICATOR

A hearty welcome to Muvhango Lukhaimane. As she assumes her new role, she articulates sensible plans for jacking up this important office. Read more...


SAVINGS MONITOR

Some sorry stats from the latest Old Mutual survey. They detail hard realities in the pattern of consumer behaviour that must be addressed. Read more...


RETIREMENT SAVINGS

Then there’re the annual Sanlam benchmark findings too. There’s a clear message on costs, costs, costs at the forefront of government scrutiny. Read more...


CURRENTS

The National Development Plan on pensions and savings; Retirement funds as tax havens; Mandates to asset managers confused in Avusa vote; SRI pioneer celebrates twentieth birthday; Rocklands curatorship implies another hit for unions' pension funds; Potential downside in bill to control credit-rating agencies. Read more...


PUBLIC INVESTMENT CORPORATION

Wholly owned by government, is there a case for it to be privatised? Or collapsed into the Government Employees Pension Fund, its largest client? Let a debate begin. Read more...


COVER STORY

National Treasury wants to introduce mandatory pensions preservation. At the same time, it’s fully aware of the complications and is committed to exhaustive consultation. The trick is in consultation leading to preservation with minimal leakage and absence of politicisation. Consider how a referendum amongst fund members might kill several birds with a single stone. Read more...


STAKEHOLDER COMMUNICATION

The revised JSE rule, on short-form financial notices in newspapers, opens the way for much more inclusive information dissemination. Trustees of pension funds should use the opportunities for electronic interaction that now beckon. Read more...


INTERMEDIARIES

Trust in financial institutions will have to be restored. It’s a worldwide phenomenon, most recently brought to the fore by the storm over Barclays and a host of other blue-bloods being castigated. Read more...


INTEREST-RATE FIX

Help for SA trustees of pension funds to understand the Libor scandal. Here we have Jibar that cannot be similarly manipulated. Read more...


TRILINEAR

Wraps off the ‘confidential’ inspection report of the Financial Services Board. Unfortunately, it came too late to be of much help to the thousands of clothing and textile workers whose savings have been lost. Read more...


MARKETS

Over the past year, active managers have been having a particularly hard time to beat the indices. But they’ll be well placed when, or if, resource shares run again. Read more...


PRIVATE EQUITY

Legal advice for pension funds considering higher investment in this asset class, as the revised Regulation 28 now allows. Read more...


HEDGE FUNDS

The revised Reg 28 allows higher investment in this asset class too. Suggestions on what trustees should watch. Read more...


GRAVY

A proud day for Jolly John. Read more...


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