FIRST WORD

Patriotism versus prudence. A view on whether funds
should take the full offshore allowance that the new Reg
28 permits.Read more...

COMPANIES ACT

Shareholders have been given huge power to intervene in
the pay of directors. Whether it’s entirely a good thing is
debatable.Read more...

INVESTIGATION

What’s happened at Trilinear, especially with its investment
in Pinnacle Point, is a disaster for the pension funds of Cape
textile workers. It also seems that there’ve been serious
regulatory contraventions.Read more...

CURRENTS

Scathing report on administration at the Office of the
Pension Funds Adjudicator; Bad communication with fund
members still a big problem; Launch of ASISA Foundation
and Enterprise Development Fund; GEPF shows the way on
infrastructure investment; Activist sees inconsistencies in
voting disclosures.Read more...

COVER STORY

There’s huge pressure to reduce the costs in pension funds.
National Treasury and the FSB, with its Treating Customers
Fairly campaign, are forthright. The industry is proactively
taking up the cudgels.Read more...

TRUSTEE EMPOWERMENT

Rationale for the 50/50 employer/employee representation on pension funds’ boards can be undermined if trustees don’t embrace training in greater numbers. The water’s provided but not enough horses are
drinking. Read more...

TRADE UNIONS

National Union of Mineworkers, Cosatu’s largest affiliate, takes a hard line on retirement reform. It would be a mistake to dismiss NUM’s position as mere rhetoric. Read more...

SOCIAL SECURITY

Reasons to see it less as a burden on the state than as a development imperative with attendant advantages.
Read more...

RETIREMENT REFORM

There’s an underlying social contract. Think through the nitty-gritty. Read more...

FINANCIAL SECTOR CHARTER

Much more work needs to be done on ‘equity equivalents’ to help stimulate smaller enterprises. Read more...

INVESTORS’ RESPONSIBILITY

An eminent Financial Times commentator analyses global trends and projects where they’re likely to go. Read more...

LETTERS

Big issues in the savings conundrum. Independent research offers pointers. Read more...

GRAVY

Trustees will have to up their game. Read more...