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A practical guide for the pension fund trustee (Paperback)
Loot Price: R351
Discovery Miles 3 510
You Save: R99
(22%)
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A practical guide for the pension fund trustee (Paperback)
(sign in to rate)
List price R450
Loot Price R351
Discovery Miles 3 510
You Save R99 (22%)
Expected to ship within 5 - 10 working days
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Trustees play an important role in the management of the retirement
fund they are affiliated to. Sadly, many trustees and boards fail
to live up to their promise and potential, mainly because they’re
part-time trustees without a complete understanding of their
fiduciary, legal and compliance duties, obligations and
responsibilities. Trustees are required to consult with experts on
matters that they lack sufficient knowledge in. However, some
understanding of the subject matter is required among them in order
for the board to assimilate the advice that they are given. The
purpose of this book is to combine most of the many fields that
trustees are expected to have a knowledge of in one publication,
written in easy-to-understand layman’s language, that can serve as
a guide for the average trustee. The various types of retirement
funds and benefits payable inside and outside of the fund are
explained. Legislation with regard to minimum benefits, the
responsibility of trustees to communicate to members and other
stakeholders and what the minimum requirements are for this
communication are also discussed. The role, fiduciary
responsibility and duties of the board of trustees are carefully
unpacked, the various pieces of legislation that the trustees deal
with and the role that the rules of the fund play in the fulfilling
of their duties are explained. All these are discussed and brought
into perspective with the principles of good governance and ethics.
And to make the read so much more interesting, the book includes
about 50 pages of the principles of investments that a trustee
should know. This publication should make trustees and boards less
reliant on advice from the so-called experts whose advice leans
towards their own interest. It should enable trustees to
distinguish between the many excellent, honest and hardworking
advisors and the few unscrupulous ones.
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