In this newsletter:
Benchtest 03.2016, housing loan interest up again, 45 days to submit SIH returns, a generic risk management policy, the risk of member owned annuities, lump sum death benefits upon death of a pensioner, the role of the principal officer, employer funded insurance policies and more...
In future newsletters we will consider the following matters also identified by NAMFISA as frequently missing:
The risk of a member-owned annuity
In terms of the definitions to the regulations of the Pension Funds Act, "principal officer means the principal executive officer referred to in section eight of the Act who may be a member of the body administering the fund." There is a separate definition of 'person managing the business of the fund', in the Namibian context this is typically the board of trustees and not the principal officer.
Why the Rand will continue to appreciate
Read the full article by Dr Chris Harmse, chief economist of Rebalance Fund Managers, in Moneyweb of 6 April 2016 here...
"Recently I was talking with the noted surgeon, writer, and public health researcher Atul Gawande about his demanding schedule - and how he tries to manage it for maximum impact...
While these different roles help determine how I engage with start-ups, I use them generally too - for projects as well as formal companies.
Read the article by Reid Hoffman in Linkedin of 9 April 2016, here...