SOUTH AFRICA - The Federation of Unions of South Africa (FEDUSA) has declared its support for a lawsuit against Investec Employee Benefits (IEB), in which the South African Equity Workers Association (SAEWU) is seeking R4bn (US$470m) over allegations IEB mismanaged investments purchased with pension fund money.
FEDUSA and SAEWA met South Africa's Financial Services Board, which regulates the retirement industry, on Thursday and has also requested a meeting with the Minister of Finance to discuss the unions' concerns....
SOUTH AFRICA - Asset management firm Franklin Templeton Investments has named Jo-Anne Bailey as director of its African division.
Last month I attended the Principal Officers Association Winter Conference in Johannesburg. The conference touched on many subjects: trustee education, transition management, etc. But the subject that seemed to ruffle feathers the most was incorporating...
Industry officials largely welcome the update to regulations over investment practices but the move to comply comes with some challenges, as Christine Senior reports
Raquel Pichardo-Allison reports on the environmental, social and governance factors affecting South African pension funds
Coverage from the POA Winter Conference in Johannesburg