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Edition: October 2019 / January 2020

Editorials

FIRST WORD

All quiet for now on the IMF front. But it can only be a matter of time before the contentious issues, still unresolved, blow up again. Read more

PRESCRIBED ASSETS

No, says FSCA regulator Olano Makhubela. Retirement funds are obligated to earn for members the best returns possible. Read more

FIDUCIARY DUTIES

Principles of good corporate governance are strenuously tested respectively at the Public Investment Corporation and Old Mutual. Read more

CURRENTS

Reg 28 should be up for review; Adjudicator ruling on Amplats fund must go to High Court; Likely that the R70m claim by the PEP fund against the FSCA will be settled; Ramputa to leave the Financial Sector Transformation Council; Stink over Regiments at the Transnet funds; Namibia’s government fund has a big hole; Longevity protection. Read more

EMPOWERMENT TRANSACTIONS

Strange views of B-BBEE commissioner over MTN cause anxiety and can be ominous if generally applied to codes and charters.
Read more

COVER STORY

Shock, horror at what’s happened to pension funds in Zimbabwe. Nobody in SA could be surprised, but everybody should pay attention to the detail. It’s salutary. Maybe it will also help to cool some of the crazier rhetoric that’s begun to permeate locally. Read more

UNPAID BENEFITS

Back to surplus apportionments and missing fund members. A proposal on ways to address the legal complexities. Read more

PRODUCT OFFERS

Scrap between Discovery and Liberty over life policies can extend to retirement funds’ umbrella arrangements too. Read more

FINANCIAL SERVICES

New broom at Alexander Forbes intends a sweep at the institutional client base for member-level interventions. Read more

DEATH BENEFITS

Difficult decisions for trustees after court’s interpretation of “dependants”. Flawed judgment will cause confusion. Read more

JOB CREATION

A bright example of public-private partnership is the Jobs Fund. It’s begun to show encouraging results. Read more

TRUSTEE TRAINING

A series of hard questions is answered by Batseta. They’ll help aspirant trustees in particular. Read more

GRAVY

High time that Cyril takes a definitive stand. Read more