RECENT NEWS
Good Governance for Retirements Funds
19th of March 2010
Good Governance for Retirements Funds
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Interest rate increase on Housing Loans
8th of June 2010
Interest rate increase on Housing Loans
Dear Sir /Madam
Kindly note that the current interest rate of 14% charged to the members for housing loans is not in accordance wiRead More...
Death Benefits Distribution
29th of June 2010
Death Benefits Distribution
There are new challenges facing trustees.
A more appropriate and sound way of ensuring that lump sum benefits owed to the minor children ofRead More...
Taxing early withdrawals
29th of July 2010
Taxing early withdrawals
In this article, Michael Summerton and Carla Rossouw provide an overview of how withdrawal and retirement benefits are taxed. They use practical eRead More...
IMPORTANT NOTICE TO EMPLOYERS AND EMPLOYEES
19th of November 2010
IMPORTANT NOTICE TO EMPLOYERS AND EMPLOYEES
Read More...
LOCAL NEWS
2nd of February 2011
LOCAL NEWS
Directives are NOT final!
Why when you withdraw your pension, you pay – and then pay again.
PIETERMARITZBURG - When pension or providenRead More...
Tax Information
11th of February 2011
DIRECT HOUSING LOANS
LEGAL REQUIREMENTS
In terms of the Pensions Fund Act, Retirement Funds are allowed to lend money (up to a maximum of 25% of their Assets) to their members foRead More...
Proposed Interim Retirement Reforms
2nd of March 2011
Proposed Interim Retirement Reforms
Read More...
Where has the retirement law gone?
24th of June 2011
Where has the retirement law gone?
Rumours have been floating around the industry that if employer contributions became taxable benefits in employees' hands, as proposed in the FRead More...
Sanlam calls for sea change in retirement industry
11th of August 2011
Benchmark research shows South Africans worse off now than 30 years ago Sanlam Employee Benefits (SEB) today released the results of its 2011 Benchmark survey, a comprehensive annual review ofRead More...
EVENTS
CURRENT RETURN
6% Fund 6% Trust
Investment Policy
Investment objectives
The Board of Trustees has formulated an investment strategy whereby the investments of the Fund are managed to set general investment principles and parameters. The investment strategy complies with the provision of Regulation 28 of the Pension Funds Act.
The general investment principles are:
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To safe guard the existing value of Fund assests
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To maximise investement returns with the proviso that investements are ethically sound;
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To actively seek socially beneficial investments, that is , investements that both advance the the interests (social, economical and cultural) of the Fund members and the broader community;
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To provide members with the highest possible investment returns;
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To build and maintain adequate reserves for the subsidation of insurance, administration and interest rates for members and
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To provide timely and full reporting to members with respect to investment performance.
The following investment parameters have been laid down:
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50% of assets to be invested in fully guarenteed products;
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25% of assets to invested in low-risk products and
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25% 0f assets may be invested in high-risk products.
The essential principle that guides these parameters is to ensure that the assets which make up the Fund liabilities are invested in guaranteed and low risk products.
Minutes of Meeting
