HR Pulse

Does your fund have an appropriate savings and investment strategy? Can it meet your members' retirement goals?

According to National Treasury, “[d]espite high participation rates, high contribution rates and significant assets under management, only about 10% of South Africans are able to maintain their pre-retirement level of consumption after they stop working.”

One reason for this, which is well publicised, is our low preservation rate and National Treasury is addressing this issue. The other, more insidious reason, is the industry’s self-serving practices. The industry persists with practices such as choosing investments, complex products and structures; employing under-performing fund managers; charging high fees and not being transparent, fully aware they contribute to poor savings outcomes.

You can choose to avoid these pitfalls and make a positive impact on your employees’ retirement outcomes

But to do this, you must make informed decisions.

And we have a conference which will empower you to make these decisions.

During this conference, which is being staged by 10X independent industry experts will:

• Debunk the industry’s marketing myths;
• Present international and local research to distinguish science from fiction;
• Give you the tools to make more informed decisions.

Our expert speakers will:

• Tell you what the impact of retirement reform on your fund is;
• Let you in on the hidden secret: The ‘real’ impact of costs;
• Debate cost matters in the umbrella versus free-standing fund debate;
• Explore active versus passive investing;
• Examine what exactly is the trustee’s fiduciary duty.

The stellar line-up of speakers includes:

• David McCarthy from the National Treasury;
• John Bogle, founder of the Vanguard Group;
• Jonathan Mort, an independent pension fund lawyer; and
• Steven Nathan, CEO of 10X Investments.