In the first part of this article around annuitisation (“Let's talk about annuitisation – Part I” featured in Pensions World Q4 2024), we discussed the need for trustees to review the annuity strategies and products available to members in light of the...
Umbrella trusts and beneficiary funds house the assets left to minor dependents; the source of the assets can be retirement fund death benefits in the case of beneficiary funds or testamentary and other non-retirement fund payouts in the case of trusts....
In South Africa, employers are currently not legally required to offer employee benefits. However, this is set to change as the government moves closer to implementing social security reforms such as Universal Coverage through auto-enrolment. While this...
It is undeniable that retirement fund trustees face growing risks from cyber threats with the responsibility for managing and mitigating these risks ultimately resting with the board. These funds hold vast amounts of sensitive personal and financial data,...
South Africa's pension fund boards manage large amounts of extremely sensitive data, making cybersecurity critical. Many trustees, whether elected or professional, overlook risks that could expose funds to breaches. Board portals provide a secure solution,...
Trust. Integrity. Irrespective of whether you are an investment manager, financial advisor, wealth manager or another stakeholder in the South African financial services sector, these two words are core to your value proposition and your ability to win and retain...
1. What are the most significant cyber threats currently targeting the asset management industry, and how are they evolving? Cyber-attacks have become increasingly prevalent across all industries. Asset managers would be a particular target due to access to...
As cyber threats intensify globally, South Africa's financial sector is bolstering its defences with Joint Standard 2 of 2024: Cybersecurity and Cyber Resilience Requirements, published by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA)...
In today's digital age, cybersecurity has become a critical concern for financial institutions worldwide. The increasing frequency and sophistication of cyber-attacks pose significant risks to the stability and integrity of financial systems. In South Africa, the...
As South African pension funds continually refine their approaches to long term sustainability, the role of ESG considerations is increasingly in the spotlight. Globally, ESG frameworks are evolving, from more stringent disclosure rules in the EU to ideological...