The fund
The benefits of joining our fund
Lower costs through economies of scale
Too many standalone retirement funds in South Africa are operating at unnecessarily high costs. With our fund, you get improved buying power, which lowers administrative and insured benefit fees.
Reduced fund-related work
Your key professionals who serve as trustees end up spending time on non-core jobs. In addition, there is a shortage of skills when it comes to people who could serve as trustees. The constant need to upskill and train employees adds to this challenge.
Less fiduciary and litigation risk
Increased regulation and greater market complexity are surfacing just how onerous and enormous fiduciary responsibilities can be.
Better investment outcomes
Access to a wider range of diversified and highly rated investments, which means strong long-term performance with competitive investment fees.
Empowering better decisions
Regular, professionally crafted member communication empowers employees to make better financial decisions, improving their financial future.
The trustees of the fund
The trustees of the fund collectively have over 100 years of industry experience. They make sure that the fund meets all its financial and legal commitments. Each trustee has an area of expertise to add value to the management of the fund.
- The fund is managed by a board of six trustees made up of:
- three external trustees appointed by the board
- three internal trustees appointed by the sponsor – Alexander Forbes Financial Services (Pty) Ltd
The trustees formally meet four times a year to review the legal, benefit, financial and governance framework of the fund. An annual investment workshop is also held to review the investment framework and consider new developments in the investment industry applicable to retirement funds. Sub-committee meetings are in place to deal with the day-to-day running of the fund.
Fund governance
The fund is governed by rules and special rules that have been approved by the Financial Sector Conduct Authority. If you would like more information on how the fund is governed, you can view all our governance policies, statements and financials here: