For more than two decades, the retirement industry has pursued a singular objective: providing members with greater investment choice. The logic appears sound. More choice should allow individuals to select solutions that reflect their circumstances and...
The sale signs on a Thursday. Champagne in the boardroom, the founder’s signature drying on a tome of an agreement. By Friday the founder’s trust is wealthy for three generations, the two executives who held equity, for one. When the room empties, a greying...
Asset Liability Matching (ALM) is a critical risk management tool that ensures an organisation’s assets are aligned with its liabilities so that obligations can be met when they fall due. The collapse of Silicon Valley Bank (SVB) in March 2023 provides a...
One of the most important responsibilities entrusted to retirement fund trustees is the exercise of discretion under Section 37C of the Pension Funds Act, yet it remains one of the most complex and misunderstood aspects of trusteeship. While much attention...
On 27 July the Retirement Matters Committee of the Actuarial Society of South Africa (ASSA) had its annual pensions seminar where pensions actuaries from across South Africa gather in Johannesburg. The aim of the annual seminar is to share with pensions...
As South Africa moves into its next phase of retirement reform, the global experience offers hard-won lessons – and some uncomfortable truths – about who really gets covered. South Africa has a savings problem decades in the making. World Bank Open Data...
Retirement fund trustees carry a fiduciary responsibility to ensure that member savings are protected not only through sound investment decisions, but also through effective oversight of the people, systems, controls and service providers that support those...
As a trustee you carry a duty that predates every model and every vendor: keep members’ data safe. AI only raises the stakes. Before the board signs off on any AI tool, ask: Where does this thing run, and who gets to see what we feed it? Answer that honestly...
When South Africa’s two-pot retirement system was introduced in September 2024, many industry commentators questioned how members would respond to having easier access to a portion of their retirement savings. Would large scale withdrawals undermine...
