SOUTH AFRICA - Global Pensions speaks to Dan Matjila, chief investment officer of the Public Investment Corporation, the asset managers for the country's largest pension scheme, about developmental investment.
Matjila was speaking on the sidelines of the Principal Officers Associaion's annual Winter Conference in Johannesburg in June. The PIC is responsible for the assets of the Government Employees Pension Fund. The fund allocates 5% of its total assets to developmental investing - investments with a high social impact and high returns.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.