President Cyril Ramaphosa can only succeed to the extent that the private sector supports him with efforts to reinvigorate a depressed economy and revive the values of our Constitution.
FINANCIAL SECTOR CODE
Voluntary compliance was sought from retirement funds in the FSC’s first year. As the review comes up, it’s likely to be made mandatory. There are complications.
FINANCIAL SERVICES TRIBUNAL
Determination on Amplats fund thrown back to Adjudicator. Far from certain is how it might now be handled, or the ultimate outcome for R40m decision against an actuary.
SA’s ‘twin peaks’ system is largely modelled on Australia. But now an Australian government-appointed commission in has found, and harshly criticised, serious flaws. A new body to supervise the twin regulators is recommended.
Ongoing growth of umbrella funds; Frightened service providers and trustees; Abel Sithole’s various roles; INMSA exposure to PIC must be compounding; New guidance note on ESG; Helpful toolkit for trustee training; Post-apartheid city might eventuate; Satawu workers allegedly looted at Mvononala.
Social grants disguise deep social and economic dysfunctions. The present system cannot be sustained and neither should it. A thorough review is required, beyond the money, for stability and jobs. And for poverty to be redressed, not perpetuated.
It’s about profit with purpose. Both are equally important and rewarding.
Big fight beckons for former FSB executive officer Dube Tshidi over curatorships. He comes out with guns blazing.
A victory for the Economic Freedom Fighters. But to date it’s only temporary. Does it make a difference if the hidden hand behind the EFF belongs to Simon Nash?
What erstwhile GEPF principal executive officer John Oliphant is doing these days. In a word, nicely.
A horror story if not properly addressed. As things stand, hacking can cause at least one large SA retirement fund to lose all its investments.
Better processes in place. But progress is slow and there’s a lot of ground still to be covered.
Match the feel-good stuff with the nitty-gritty challenges.
Insiders debate on how the Pension Funds Act should be rewritten.
Pass a hat to strengthen NPA capacity.
OLD MUTUAL CORPORATE
OLD MUTUAL INVESTMENT GROUP
MOTOR INDUSTRY RETIREMENT FUNDS