Retirement Fund Solutions
Benchmark Retirement Fund
Trustees mostly understand that it is a risk to engage a single manager to manage their fund’s assets within a single investment mandate. But do they understand what risk or risks they face and which one will be reduced through the appointment of more than one manager and what is the correct number of managers to use?
One of the assertions the regulator made at the recent pension fund industry meeting is that an increase in the number of competitors will reduce costs. As the result of this assertion the regulator is propagating the rotation of service providers by funds. But will it reduce costs and is it appropriate to suggest that costs should be the key criteria in any event?
In the second half of last year NAMFISA issued a number of new regulations and standards for comment. Although some comments were submitted these mostly did not address the substance of these but rather their form. Having considered these comments NAMFISA made some changes that we would consider superficial and not addressing the real concerns. Trustees are urged to pro-actively consider the possible implications of these regulations and standards and how to deal with these. Funds are encouraged to liaise with RFS where these may impact the administration of the fund.
Managed by Namibians. Trusted by Namibians.
Efficient. Trusted. Namibian.