Mail & Guardian
Mail & Guardian
Alf James

Creator

Alf James

Guest Author

Wayne Hiller van Rensburg, Institute of Retirement Funds Africa (IRFA) president

New regulations a step in the right direction

Employers are now obliged to help their employees make the best possible financial decisions upon retirement

Tarryn Lamb, head of retail distribution at Allan Gray

Default regulations will simplify investment options

‘Independent financial advice is still important’

Jaco van Tonder

Retirement journey becoming less complex

The default regulations provide more safety and control for retirement fund members

Jaco Wasserfall, director at ZAQ

Benefits counselling model employs FinTech for an effective solution

This addresses the uncertainty in the industry with regards to how benefit counselling will be provided

Michael Prinsloo, managing executive for research and product development at Alexander Forbes. (Photo: Petrus Alexander Smith)

Important for members to be accountable for their own retirement

Your employee pension is often inadequate for your retirement needs

Sam Camilleri, chief executive and principal officer at the NJMPF

Fund employs financial literacy as an instrument of transformation

The NJMPF facilitates educational sessions at road shows, workshops and indabas

IRFA vice president, Geraldine Fowler

Programme aims to improve performance

Best Practice Industry Awards celebrate fund performance excellence

Mdumisani Mabaso. (Photo: Clinton Friedman)

Best practices abound in transport sector

The Transport Sector Retirement Fund uses cellphone technology to regularly engage, inform and educate its members

Stephanie Griffiths, external moderator and judge

Awards reflect industry best practices on an international scale

‘Recognising excellent rewards hard work and sets the standard for others’

Andrew Davison, Head of Advice at Old Mutual Corporate Consultants. (Photo: BakonePix)

Default regulations aim to improve retirement outcomes

Adequate information and guidance will be provided to members to assist them to make sound retirement decisions

Rüdiger Naumann, portfolio manager at Investec Asset Management

Offshore investments should be approached with great responsibility

This type of investing necessitates deep resources, specialist skills and experience

Anthony Williams, chief executive and principal officer of the SABC Pension Fund and Medical Scheme

Awards stimulate knowledge transfer

The benefit to a fund in receiving a BPIA award is the increase in reputational index to its members

Garth Barnard, director at Moruba Consultants & Actuaries

Focussed on benefitting members

Profits from the fund’s activities are reinvested to benefit members

Truck drivers can assist to identify and help trafficking victims who have been forced into prostitution on Africa’s highways

Truckers UNiTE against human trafficking

Truck drivers are the eyes of the campaign, which combats horrific crime

Awie de Swardt, managing director of Futura SA Administrators

High rate of compliance allows for rapid investment

Compliance with pension payments is high, despite high staff turnover

Puseletso Mbele, investment consultant for the fund and fund manager at Novare Actuaries & Consultants

Investments focussed on enhancing members’ wellbeing

The fund’s investment goal is to enhance returns to members on a sustainable basis

TSRF communicates face-to-face with truck drivers by visiting the Harrismith Highway Junction Truck Stop to speak with members outside of the employer setting

Communication with members is key to fund’s success

Cellphones are the preferred channel of interaction

The TSRF plans to develop its truck stop development strategy beyond South Africa’s borders into neighbouring states. (Photo: AJ Deysel)

Sustainable transport key to sustainable development

Transport is essential to economic growth and affects people’s daily lives, but it also drives climate change and is the cause of too many deaths

Joe Letswalo, the principal officer of the Transport Sector Retirement Fund. (Photo: Clinton Friedman)

Retirement fund a reliable constant in members’ lives

Governance is good because the trustees worked in the industry, are fund members and undergo training during the year

Truck accidents cost billions each year. Truck stops allow drivers to rest properly, eat well and access a range of services, including medical services

Truck stops promote driver safety and responsible investment

The Harrismith Highway Junction Truck Stop is creating vital skills and employment