B2B Central

trustees

30 Apr 2019

Does investing for a better South Africa require prescription?

By Janice Roberts

Forcing retirement funds to invest in certain prescribed assets is likely to have unintended consequences.  It’s likely to worsen the already fragile confidence in the economy. It’s also likely to fuel policy uncertainty in areas such as property rights. These views were expressed by Elias Masilela, Executive Chairman of DNA Economics and Chairman of Impact...
26 Apr 2019

A look at section 37C of the Pension Funds Act

By Janice Roberts

Compiled by Lize de la Harpe, Legal Adviser: Glacier by Sanlam. Introduction In this article we will look at the wording of section 37C(1) of the Pension Funds Act No. 24 of 1956 (“the Act”) in order to determine if it leaves room for the trustees to consider the terms of an agreement entered into...
23 Apr 2019

Pension fund boards must consider climate change

By Janice Roberts

The boards of South African pension and provident funds must fully consider climate risk when making investment decisions and failure to do so exposes trustees to the threat of legal liability for losses incurred by the fund as a result. This is according to a new legal opinion Pension Funds and Climate Risk: Responsible Investing...
05 Mar 2019

Delegated investment service puts retirement fund members first

By Janice Roberts

By David Potgieter, Head of Operations, RisCura. When the Financial Sector Conduct Authority announced last year that it wants the number of standalone pension funds to shrink dramatically by March this year, it ushered in the industry’s biggest shift since the move from defined benefit to defined contribution funds in the late 1990s.
14 Nov 2018

Things to consider before jumping into global diversification

By Janice Roberts

With the changes to Regulation 28, many retirement fund trustees are keen to increase their exposure to other markets. However, it is crucial that trustees have a granular understanding of their current exposure before making any decisions.
16 May 2018

What should trustees look for when choosing a retirement solution?

By Janice Roberts

As the obligations for trustees to select the most appropriate retirement solution for their members grows more onerous, it is crucial to weigh up the long-term impact for total fees along with other important features to assess a good retirement solution.
31 Aug 2016

FSB commends retirement fund trustees

By Janice Roberts

The Financial Services Board (FSB) has commended the efforts of the South African Retirement Funds Industry in ensuring that fund trustees are better equipped to discharge their responsibilities.
21 Apr 2016

CMS encourages members of medical schemes to take charge

By Janice Roberts

As the regulator of the medical schemes industry, the Council for Medical Schemes (CMS) says it would like to encourage the members of medical schemes to take charge of the affairs of their medical schemes by attending their medical scheme’s Annual General Meeting (AGM).
12 Nov 2015

Nominating beneficiaries of your retirement fund

By Janice Roberts

As a member of a retirement fund, you have no doubt nominated one or more beneficiaries – and your fund probably asks you to review your decision every year or whenever there is a change in your family situation. But did you know that you don’t have the final say in the matter?
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