Today's Trustee March - May 2021 Edition

Due to Covid, there's a worrying contraction of savings in retirement funds.

Fight on the facts

Retirement funds prepare to resist labour pressures. Mboweni is caught in the middle.

Zoomed out

The obsession with Covid numbs the senses. Strange days indeed are made even stranger, and madder, by paradoxes in share-market buoyancy.

Go for prescription

Pension funds must specify to government precisely their terms and conditions for participation in infrastructure investment. The boot will then be on the right foot.

Pensions quandary

No easy way out in attempts to offer relief. Access to savings now or later is problematic either way.

When fiduciary clashes with fiduciary

Offshore exposure versus SA infrastructure. Portfolio diversification versus national interest. What’s the proper balance? Even the GEPF and EPPF are having to decide.

Go for prescription

Pension funds must specify to government precisely their terms and conditions for participation in infrastructure investment.

Proceed with prescription, but beware of the wrong kind

Yes, we argue in the cover story of this latest TT edition, bring on prescription.

When fiduciary clashes with fiduciary

Offshore exposure versus SA infrastructure. Portfolio diversification versus national interest. What’s the proper balance? Even the GEPF and EPPF are having to decide.

Pensions quandary offers no easy way out

For many individuals in this Covid-afflicted environment, retirement funds have come to serve as the provider of last resort.

Ready to pay

In a small step, Liberty takes the lead in righting a wrong.

Doubts about Dube

Mboweni makes flawed choice for FSCA interim commissioner. Tshidi tied at the hip to Mostert.

Back to the precipice

In the recovery-or-bust scenario that faces SA, both pension funds and the IMF have huge roles.

Pensions to boost infrastructure

Forget prescribed assets. They're a diversion from the potentially solid proposal now on the table that seeks a social compact through retirement funds...

Prescribed assets’ or leaving Gordhan in the lurch? What’s worse?

There are two non-negotiables: that rotten state-owned entities, unable to repay loans, are saved from bankruptcy; and that Gordhan emerges as invulnerable to attack by having...

Financial literacy at work for the poor

There are two contrasting perceptions of SA, rarely to mix. They’re as distinct as oil from water.

When personal liability kicks in...

Should judgment go against the former trustees, each of them would be exposed to pay over R4m from their own pockets.

Same old, same old?

New authority must fundamentally change perceptions of the FSB bureaucracy as applied particularly to retirement funds.

Unintended consequences of anti-corruption steamroller

So pervasive has corruption supposedly become in the retirement-fund industry that Registrar Dube Tshidi has considered it necessary to issue a directive that will prevent it.

More than farmland to worry about

Having opened the door to constitutional amendment, unexplored perils lurk. What must be a pleasure for the EFF spells pain for everybody else.

Code's special emphasis for BEE points

It goes without saying that the broad mass of South Africans should be supported to understand the benefits to them of saving for the long term....