7
PENSION FUNDS INVESTMENTS CONFERENCE PRESENTATIONS FROM David Nuyoma - CEO, Government Instuons Pension Fund (GPF), Namibia HR (Sakkie) Hurd - Independent Principal Officer/ Trustee and Director of Castle Consulng Soluons Guy Phiri - Chairman, Investment Commiee, and Vice Chairman, Naonal Pension Scheme Authority, Zambia Moemedi Malindah - Investment and Porolio Director, Botswana Public Officers Pensions Krishen Sukdev - Chief Execuve Officer, Government Pensions Administraon Agency (GPAA) Harnessing the Potenal of Pensions Capital in Africa SUCCESSFUL IMPLEMENTATION OF DE-RISKING STRATEGIES FOR YOUR PENSION FUND: CASE STUDIES Global Trends And Developments Impacng African Pension Funds Impact Of Invesng For African Pension Funds The Concepts And Dynamics Of Modern Day Investment In Pension Fund Assets Co-Invesng And Public-Private Partnerships: Key strategies To Achieve The Pension Promise In Africa Unpacking The Role Of Pension Funds, The Fiduciary Dues Of Pension Fund Trustees And The Responsible Investment Agenda. Pension Funds Invesng In Volale Markets Responsible Investment Strategies For Pension Fund Trust- ees: A Work In Progress CORPORATE GOVERNANCE AND PENSION FUND PERFOR- MANCE SECURITIES LENDING BY PENSION FUNDS HIGHLIGHTS: Learn about strategies to maximise returns in a low yield environ- ment Gain key insight into the latest diversificaon strategies for pension funds invesng in volale markets Hear success stories on Responsible Investment and how your pen- sion fund can move forward in this dimension to reap maximum benefit Learn how to maximise private equity opportunies for your pen- sion fund Gain tangible insight on effecve and winning de-risking strategies for your pension fund BENEFITS OF ATTENDING 22nd - 24th March 2017 Southern Sun Cape Sun Hotel Cape Town In recent months financial markets have experienced heightened volality. These extreme market moves are to some extent a product of the global financial crisis and the policy responses that followed it. There is no reason to think this type of market behaviour will go away any me soon. In an effort to maximise returns over long me periods pension funds need to embrace new and upcoming op- portunies to be able to meet the pension promise for their members. While providing some risk migaon during periods of weaker market performance. It is more important than ever now for pension funds to maximise net returns and value for money within stringent risk management frameworks. For that reason, we are proud to bring you the Pension funds Investment conference 2017, taking place from the 22 - 24 March 2017 at the Southern Sun Cape Sun Hotel in Cape Town Early Bird Offer: Book and Pay for 3 by the end of December and get the fourth seat FREE!! 2017 POST-CONFERENCE HALF-DAY WORKSHOP: OVERVIEW Researched & Developed by: Massage Sponsored by:

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Page 1: PENSION FUNDS INVESTMENTS CONFERENCE · vestments Division at the Old Mutual where he became Man ager (Investments Technology) before he left to start Foord & Meintjes, then a small

PENSION FUNDSINVESTMENTS CONFERENCE

PRESENTATIONS FROMDavid Nuyoma - CEO, Government Institutions Pension Fund (GPF), Namibia

HR (Sakkie) Hurd - Independent Principal Officer/Trustee and Director of Castle Consulting Solutions

Guy Phiri - Chairman, Investment Committee, and Vice Chairman, National Pension Scheme Authority, Zambia

Moemedi Malindah - Investment and Portfolio Director, Botswana Public Officers Pensions

Krishen Sukdev - Chief Executive Officer, Government Pensions Administration Agency (GPAA)

Harnessing the Potential of Pensions Capital in Africa

SUCCESSFUL IMPLEMENTATION OF DE-RISKING STRATEGIES FOR YOUR PENSION FUND: CASE STUDIES

• GlobalTrendsAndDevelopmentsImpactingAfricanPensionFunds

• ImpactOfInvestingForAfricanPensionFunds• TheConceptsAndDynamicsOfModernDayInvestmentIn

Pension Fund Assets• Co-InvestingAndPublic-PrivatePartnerships:Keystrategies

ToAchieveThePensionPromiseInAfrica• UnpackingTheRoleOfPensionFunds,TheFiduciaryDuties

OfPensionFundTrusteesAndTheResponsible InvestmentAgenda.

• PensionFundsInvestingInVolatileMarkets• Responsible Investment Strategies For Pension FundTrust-

ees:AWorkInProgress• CORPORATE GOVERNANCE AND PENSION FUND PERFOR-

MANCE • SECURITIES LENDING BY PENSION FUNDS

HIGHLIGHTS:

• Learn about strategies to maximise returns in a low yield environ-ment

• Gain key insight into the latest diversification strategies for pension funds investing in volatile markets

• Hear success stories on Responsible Investment and how your pen-sion fund can move forward in this dimension to reap maximum benefit

• Learn how to maximise private equity opportunities for your pen-sion fund

• Gain tangible insight on effective and winning de-risking strategies for your pension fund

BENEFITS OF ATTENDING

22nd - 24th March 2017Southern Sun Cape Sun HotelCape Town

In recent months financial markets have experienced heightened volatility. These extreme market moves are to some extent a product of the global financial crisis and the policy responses that followed it. There is no reason to think this type of market behaviour will go away any time soon.

In an effort to maximise returns over long time periods pension funds need to embrace new and upcoming op-portunities to be able to meet the pension promise for their members. While providing some risk mitigation during periods of weaker market performance. It is more important than ever now for pension funds to maximise net returns and value for money within stringent risk management frameworks.

For that reason, we are proud to bring you the Pension funds Investment conference 2017, taking place from the 22 - 24 March 2017 at the Southern Sun Cape Sun Hotel in Cape Town

Early Bird Offer:Book and Pay for 3 by

the end of December and get the fourth seat

FREE!!2017

POST-CONFERENCE HALF-DAY WORKSHOP:

OVERVIEW

Researched & Developed by:

Massage Sponsored by:

Page 2: PENSION FUNDS INVESTMENTS CONFERENCE · vestments Division at the Old Mutual where he became Man ager (Investments Technology) before he left to start Foord & Meintjes, then a small

DISTINGUISHED SPEAKERS

David Nuyoma - CEO: Government Institutions Pension Fund (GIPF), Namibia

HR (Sakkie) Hurd - Independent Principal Officer/Trustee and Director of Castle Consulting Solutions

David Nuyoma is the Chairman of the Namibian Stock Exchange. He became CEO of the Govern-ment Institutions Pensions Fund Namibia (GIPF) on 1 January 2013, having previously been CEO

of the Development Bank of Namibia from November 2003 to De-cember 2012. He was educated at the University of East Anglia (BA; MA Industrial Development)

Sakkie is a professional Independent Principal Officer/Trustee and Director of Castle Consult-ing Solutions. He is an advocate of independen-

cy and professionalization of the role of Principal Officer and is an Associate Principal Executive Officer. He holds a Bachelor of Military Science Degree from the University of Stellenbosch and has completed studies in Labour Relations and Strategic Manage-ment. He is a Member of BATSETA (formerly the Principal Offi-cer’s Association), a Member of the Pension Lawyers Association, and is a Member of the Institute of Retirement Funds Africa. He is currently the Independent Principal Executive Officer of the Liberty Pension Fund, Liberty Provident Fund and the Liberty De-fined Contribution Pension Fund, the Liberty Affiliates Umbrella Provident Fund, the Keystone Umbrella Pension and Provident Funds and the Keystone Retirement Annuity Fund. He also assists and is contracted to a number of retirement funds as a subject matter expert on retirement fund governance to assist board of funds with governance matters and development of governance policies and protocols. He has also been contracted as a subject matter expert in litigation and due diligence.Prior to venturing into the field of being Independent Principal Of-ficer and Trustee, Sakkie spent 27 years in the SA National Defence Force where he reached the rank of Brigadier-General in the post of Director Employee Benefits. He retired from the SA National Defence Force in early 2001, and spent the next ten years of his career at Absa Consultants and Actuaries as an Employee Benefits Consultant serving retirement fund clients as benefits and group risk consultant, and principal officer of Absa Umbrella Funds. He left Absa in 2011 to pursue a career as an Independent Principal Officer and Trustee. He is a regular contributor and speaker on fund governance and has presented papers and workshops on practical governance and outcomes based management of retire-ment funds in South Africa, Botswana, Namibia, Swaziland, Ugan-da and Zambia.

• Pension Fund Trustees • Pension Fund Managers• Principal Officers• Fund Administrators• Employee Benefits Manager• Heads of Pension Funds• Chief Investment Officers

WHO SHOULD ATTEND

Guy Phiri - Chairman: Investment Committee & Vice Chairman: National Pension Scheme Authority (Zambia)

Krishen Sukdev was born in Stanger in 1969 and graduated from the University of Cape Town with a Bachelor of Business Science degree. He

qualified as an actuary through the Faculty of Actuaries in Edin-burgh. He is also a Fellow of the Actuarial Society of South Africa and a Fellow of the Financial Planning Institute. He is an approved Retirement Funds Valuator by the Financial Services Board and has 22 years’ experience in the Retirement Fund Industry. He has worked in several other African countries including in Kenya, Zam-bia, Sudan, Mozambique, Zimbabwe, Namibia and Botswana. He served as the Convener the Actuarial Society of South Africa’s Social Security Committee. He previously also served as a director of ASABA (Association of South Africa Black Actuarial Profession-als) and National President of Junior Chamber South Africa. He was a graduate of the Japanese Leadership Academy in 2002. In 2014 he was co-authored a paper “The Evolution and Future of Social Security in Africa: An Actuarial Perspective” which won the award for the Best Social Security Paper at the International Con-ference of Actuaries in Washington DC. He was appointed as an Executive Director for the Independent Actuaries and Consultants (IAC) and his role included providing actuarial and investment advisory services and independent ac-tuarial investigations for various Government and Parastatal or-ganisations. He joined the Government Pensions Administration Agency in August 2015 as the Chief Executive Officer. He also serves as a Non-Executive Director of the Land Bank Insurance Company and Land Bank Life Insurance Company and is the Chair-man of the Actuarial and Investment Committee.

Krishen Sukdev - Chief Executive Officer, Government Pensions Administration Agency (GPAA)

Phiri has a Masters’ Degree in Chemical Engi-neering & Chemical technology from the Uni-versity of London. Mr. Phiri’s career spans over

23 years during which time he worked for institutions like Mobil Oil Zimbabwe and Zambia Limited and ZCCM. He is currently the Managing Director of Engen Petroleum Zambia Limited. He is an associate member of City and Guilds Institute in London, a regis-tered Engineer and a member of the Engineering Institute of Zam-bia. He serves on different boards some of which include Engen Petroleum Zambia Limited, Cavmont Bank Limited and Zambia Federation of Employers.

• Pension Lawyers• Governance and Compliance Officers• Pension Registrars• Pension Risk, Managers/Officers• Agents and Financial Planners• Pension Advisory Committees, Consultants, Actuaries

• Asset Managers• Portfolio Managers• Chairmen of Pension Fund Boards • Pension Fund CEOs• Pension Scheme Managers• Pension Officers

Page 3: PENSION FUNDS INVESTMENTS CONFERENCE · vestments Division at the Old Mutual where he became Man ager (Investments Technology) before he left to start Foord & Meintjes, then a small

AngelaOkindaDivisional Head, Umbrella & Retail Solutions, Alexander Forbes Financial Services (East Africa)

Moemedi Malindah - Investment and Portfolio Director Botswana Public Officers Pensions

Dr.RoymondMozhentiy-Principal Officer, United Council Pensions

Fund Zimbabwe

Tony has 27 years investment experience and was previously the Chief Investment Officer of Syfrets Managed Assets and Nedcor Investment Bank Asset Management (NIBAM). Tony’s ex-perience as an equity portfolio manager dates

back to 1988 when he was charged with the responsibility of managing the Southern Life Staff pension fund. Tony has spent many years covering the broad range of sectors on the JSE, first-ly as a junior analyst (1987 – 89) and then as a Senior Analyst / portfolio manager (1989 – 2000). Tony assumed responsibility for the target return funds at Vunani Fund Managers during October 2008 and has evolved the equity selection process to culminate in a standalone equity mandate as from June 2011. In addition to the direct management of equity mandates, Tony has acted as an advisor to the Sasol Pension Fund (in-house portfolio) from 1994 to date. Equity advice covers both domestic and interna-tional stocks.

administration, to portfolio management and economic and company research. He has been head of research and been re-sponsible for investment marketing. He has acted as an Asset Consultant and a Business Consultant, working with a number of companies in the financial services industry across a wide range of projects. He is well known in the industry, for the many pre-sentations he has given, the large number of colleagues he has worked with and interacted with over the years. He is also well-known to the public through regular radio and TV appearances.

JanisKennedy-VerhageBusiness Development, Riscura

Johan Gouws - Head: Absa Asset ConsultantsJohan joined Absa in 1998 and became an Exec-utive Director of Absa Investment Management Services in 2001. He started up Absa Multi Man-agement who received two Raging Bull awards during his tenor as head of the multi manager. Johan became the Head of Absa Asset Consult-

ing in July 2012 where he and his team of investment profession-als currently advise on close to R75 billion of assets for retirement funds. Johan has an Honours Degree in Investment Management which he obtained from the Rand Afrikaans University and he obtained his MBA degree from Wits Business School. He also at-tended executive development programmes at Duke University and Harvard Business School in the United States and at Insead in France. Johan has 21 years’ experience in the financial services industry and he regularly features in the media on topics related to personal finance, economic and market developments and in-vestment trends. Liston Meintjes - Head of Investments,

Sasfin Asset ManagersListon Meintjes brings both an academic and a highly experienced practitioner’s approach to asset management. He has a Master’s degree in Mathematical Statistics from UCT and has

lectured at the University of Natal and the Graduate School of Business at UCT. After qualifying as an actuary, he joined the In-vestments Division at the Old Mutual where he became Man-ager (Investments Technology) before he left to start Foord & Meintjes, then a small asset manager. He worked in New Zea-land, both Auckland and Wellington, before returning to South Africa, to work as Chief Investment Officer, at Plexus and Metro-politan Asset Managers. He is now Head of Investments at Sasfin Asset Managers. He has experience in all aspects of investments, from programming computer systems for investment

Halekopane (Hale) MatsipaCo-founder and Chief Executive Officer, Kleoss CapitalHale has over fifteen years work experience with twelve of those years in investment bank-ing and the residual three in audit practice. Hale

has spent his career in investment banking working for a number of firms locally in South Africa and abroad in the USA. He spent four and half years at JPMorganChase and seven years at Rand Merchant Bank, a division of FirstRand Bank Limited. His entire career in investment banking was spent in the corporate finance/ mergers and acquisitions field. During his investment banking career, Hale was involved in acquisition and leveraged finance transactions, mergers and acquisitions transactions, private equi-ty related transactions and BEE transactions.Hale has recently been the recipient of the Association of Black Securities and Investment Professionals (ABSIP) prestigious Top Corporate Financier of the year 2011.

Tony Bell - Chief Investment Officer, Vunani Fund Managers

Sibusiso C. Luthuli serves as the Chief Execu-tive and Principal Officer of Eskom Pension and Provident Fund. Mr. Luthuli joined the EPPF on 6 April 2010. He has been Managing Director

for Ithala Limited since July 2004. He served as Managing Direc-tor of Ithala Development Finance Corporation Limited. Prior to that, Mr. Luthuli served as Finance Director of Ithala Limited from January 2004 to June 2004. Mr. Luthuli served as Executive Man-ager of Nedbank Corporate from April 2000 to December 2003. He serves as Non-executive Chairman of Enaleni Pharmaceuticals Limited. He serves as a Director of Business Connexion Group Limited. Mr. Luthuli has been Non-executive Director of Telkom SA SOC Limited (a/k/a Telkom SA) Ltd. since July 29, 2005 and serves as its Lead Independent Non-Executive Director. He serves as a Director of Richards Bay Industrial Development Zone (IDZ) Company. He serves as a Director of Luthuli & Luthuli Investments (Proprietary) Limited and a Trustee of Amathuli Trust. He serves as a Member of the University of KwaZulu-Natal Council. Mr. Lu-thuli holds a Bachelor of Commerce degree from the University of Zululand, a post graduate diploma in Accountancy from the University of Durban Westville, and is a qualified Chartered Ac-countant (South Africa).

Sibusiso Luthuli - Chief Executive and the Principal Officer, The Eskom Pension and Provident Fund

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DAY ONE

08:15 – 08:45 : Registration

08:45 – 09:00 : Opening Remarks by Chairperson

09:00–10:00:IMPACTOFINVESTINGFORAFRICANPENSIONFUNDS • Unlocking pension funds for impact investing-Where are

the panacea? • Why Impact Investing and who is making impact invest-

ments • Assessing Impact Investing strategies in Africa’s growth

markets-Where are the opportunities • Understanding Impact Investing and what pension funds

need to know and consider • Tools, metrics and analytics that can be used to evaluate

the effects of your Investments • How do Impact Investments perform financially? Krishen Sukdev Chief Executive Officer, Government Pensions Administration Agency (GPAA)

10:00 – 10:15 : Networking over tea/coffee with speakers

10:15–11:15:PRIVATEEQUITYSPECIFICHalekopane (Hale) Matsipa Co-founder and Chief Executive OfficerKleoss Capital

11:15 – 12:15 : ROLEOF THE INVESTMENT CONSULTANT INYOURINVESTMENTSTRATEGYJanisKennedy-VerhageBusiness DevelopmentRiscura

12:15 – 13:00 : CORPORATE GOVERNANCE AND PENSIONFUND PERFORMANCECorporate Governance of pension is not only of importance to the companies in which pension funds invest but also the cor-porate governance of funds themselves, the entities in which many thousands of employees invest. Some pension funds have become so large that they have become the personal fiefdoms of their chief executives or principal officers. Pension funds are not the only funds with exposure to abuse by staff and officials. This abuse can take the form of the hiring of inappropriately high grade cars when taking trips on behalf the fund and bias in the hiring of staff to the use of fund assets to meet personal ex-penses. Some large umbrella funds are administered by special purpose administration companies in which their trustees and senior management are shareowners. Good corporate gover-nance of pension funds is not simply a “nice to have”. It is about the application of principles in order to make organisations worth of trust and is essential to the effective achievement oftheir goals. In the pension fund context of corporate gover-nance it assists in managing the competing interests of mem-bers, the sponsoring employer, unions, employees of the fund and the members of the fund’s board of management. It is also a good mechanism for encouraging efficiency and preventing corruption.Sibusiso LuthuliChief Executive and the Principal OfficerThe Eskom Pension and Provident Fund

CONFERENCE AGENDA

13:00 – 14:00 : Networking over tea/coffee with speakers

14:00–15:00:GLOBALTRENDSANDDEVELOPMENTSIMPACTING AFRICAN PENSION FUNDS• The macro-economic trends impacting pension funds in Af-

rica’s growth markets• What are the hot new investment trends paving way for

pension funds growth• The impact of economic reforms on the growth of retire-

ment assets• African pension funds as an attractive option for western

investors• Pension funds as a lucrative key driver for African econo-

miesTony BellChief Investment Officer, Vunani Fund Managers

15:00 – 15:15 : Networking over tea/coffee with speakers

15:15 – 16:15 : UNPACKING THE ROLEOF PENSION FUNDS,THE FIDUCIARY DUTIES OF PENSION FUND TRUSTEES ANDTHERESPONSIBLEINVESTMENTAGENDAThe intersection of responsible investing (RI) with pension funds is unique in that unlike other financial entities pension funds have unique characteristics - they are non-commercial and have long term liabilities and obligations. Sustainability consid-erations, in that environmental, social, and governance (ESG) issues have become integral to the delivering of healthy long term investment returns therefore naturally correspond. Addi-tionally, the fiduciary duties of pension fund trustees results in the primary duty of loyalty to the beneficiary; in other words to act in the best interests of the beneficiary. In this respect all stakeholders from beneficiaries to trustees and principal offi-cers to investment managers can ensure that pension capital is managed responsibly, in accordance with the best interest of members or beneficiaries.Guy Phiri Chairman: Investment Committee & Vice ChairmanNational Pension Scheme Authority (Zambia)

END OF DAY ONE

DAY TWO

08:00 : Opening Remarks by Chairperson

09:00 – 10:00 : THE CONCEPTS AND DYNAMICS OF MODERN DAYINVESTMENTINPENSIONFUNDASSETSThe investment performance experienced by retirement fund members in recent years have been supported by a continued flood of fiscal and monetary stimulus by government and cen-tral banks around the world. Record low interest rates and el-evated levels of government debt has provided the necessary fuel for risky assets to perform strongly and to provide higher than average returns. Central banks have to make key policy decisions in an economic environment that can be described as unchartered territory while governments are struggling to balance the books. A key concern for investment professionals and Trustees are how this artificially created stimulatory

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environment will be managed in order to achieve a smooth transition to a more balanced economic environment without unsettling investment markets. What does this all mean for the investment strategies of retirement funds that need to keep a long term perspective for achieving the best outcomes for their members? Absa Asset Consultants will be looking at the var-ious aspects to be considered relating to a retirement fund’s investment strategies given the current economic, investment industry and regulatory environment. Attention will be given to the various components to be considered as part of a robust in-vestment strategy that will allow Trustees to fulfil their fiducia-ry duties and to ensure that the Fund objectives are achieved. Another aspect that will be addressed relates to investor be-haviour and managing member expectations.Johan GouwsHead: Absa Asset Consultants

10:00 – 10:15 : Networking over tea/coffee with speakers

10:15–10:45:PENSIONFUNDSINVESTINGINVOLATILEMARKETS• How pension funds can invest in volatile markets: Do pen-

sion investment restrictions compromise fund performance • The ability of pension funds to rapidly allocate capital to

new opportunities is a vital skill in these market conditions • What about regulation?• seeking to maximise return in a low-return environmentListon Meintjes Head of Investments, Sasfin Asset Managers

10:45 – 11:50 : RESPONSIBLE INVESTMENTSTRATEGIES FORPENSION FUND TRUSTEES: A WORK IN PROGRESSEnvironmental, social and governance (ESG) factors in invest-ment decision-making and practice affect the value of an in-vestment, and are essential considerations for responsible investment by trustees of boards representing pension funds. Understanding ESG factors means better understanding current investment value, gaining insight into future value, and finding opportunities to achieve superior risk-adjusted returns for ben-eficiaries, particularly over the long term.• Examining how Responsible Investment practices have de-

veloped in inception • How to develop Responsible Investment strategies and

ownership practices • Practically implementing an ESG framework throughout

your organisation• Fiduciary duties and ESG considerations• Responsible Investment success stories David NuyomaCEO: Government Institutions Pension Fund (GIPF), Namibia

11:50–13:00:CO-INVESTINGANDPUBLIC-PRIVATEPARTNER-SHIPS:KEYSTRATEGIESTOACHIEVETHEPENSIONPROMISEINAFRICA Moemedi Malindah Investment and Portfolio Director, Botswana Public Officers Pensions

13:00 – 14:00 : Networking over lunch with speakers

14:00 – 15:00 : A GOOD CORPORATE GOVERANCE POLICYFRAMEWORK AS A DE-RISK STRATEGY IN PENSION ADMINISTRATIONThe global economic environment is rapidly changing which is necessitating the need to strengthen corporate governance systems to stay in tandem with current financial trends. Good corporate governance is hinged on the relationship between the Governing body (Trustees) and the Executive (Fund Man-ager) striking the right chords. The trustees as the holders of the mandate from a fund’s membership should ensure that the Executive’s actions are always in the best interests of the membership of the fund. Both the Public Sector and Private Sector are not spared the brute of unprecedented shrinkage in financial space. It is therefore prudent for any organization that has plans and intentions to last beyond this era to put in place robust systems that avert leakages of the meagre finan-cial resources. It has long seized to be ‘business as usual’ nei-ther is it ‘busyness as usual’, we are in an era where value for money should be realized for each and every transaction that is undertaken by an organization. There is a cost attributable to a lack of good pension governance. Pensions are a very spe-cialized area and there are high risks associated if mistakes are made. The international financial reporting standards require that pension fund commitments be made explicitly in the cor-porate reports. Though activism, corporate governance can be used as a tool for extracting value for members from underper-forming or undervalued investments, it has also been singled out as one means of ensuring ethically acceptable management of funds. Administration of Pension Schemes, given the stated conditions, requires that the oversight function (Trustees) to be abreast with the current economic and investment trends. The governance function needs to realign its normative frame-works and regulatory frameworks in pension governance to en-sure that the member that has entrusted the institution with the sustainability of their future actually realizes this envisaged benefit. The task therefore, is that of maintaining or increasing the value of member contributions to the Pension Fund. This leaves the Fund Manager with a quagmire of how to invest these funds to achieve this objective. In turn, it also leaves the Trustees a predicament of what lengths? as well as what risks? are they going to allow their Fund Manager to take to achieve this same objective.Dr.RoymondMozhentiyPrincipal Officer - United Council Pensions Fund, Zimbabwe

Southern Sun Cape Sun Hotel Cape Town

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OR

POST-CONFERENCE HALF-DAY WORKSHOP10:30-12:30

Lunch- 12:45-13:45

HOWTOINTRODUCEINNOVATIONINTORETIREMENTFUNDThe industry will have to rise to this challenge and come up with innovative initiatives to turn this perception around. Financial services firms must adopt unconventional approaches and im-plement these with a common purpose if they hope to secure the continent’s retirement future. One such approach might be to apply the lessons learnt by the world’s leading brands to the local retirement savings industry. Savings products currently don’t offer the simplicity and ‘ease of use’ that technology-en-abled lifestyle solution do. This is the space that investment firms should occupy if they wish to assist people in suppressing their urge to spend in favour of saving. With a bit of planning, the industry could enable savers to benchmark their savings against a lifestyle dream by informing them of the type of lifestyle they are on track for. Their future could then be defined by saving for a lifestyle in retirement rather than accumulating a notion-al capital lump sum. This workshop should investigate how fi-nancial services brands ‘turn their clients’ money into meaning’ by showing respect for what went into making this money and sharing with them what can become of it.Geraldine Fowler Vice President Institute of Retirement Fund Africa

END OF CONFERENCE

Southern Sun Cape Sun Hotel Cape Town

15:00 – 15:15 : Networking over tea/coffee with speakers

15:15 – 16:30: DEVELOPMENTS ON THE PROVISION OFCOMPREHENSIVESOCIALSECURITYINSOUTHAFRICA• Current status of social security in South Africa• Proposals tabled at NEDLAC by Government• The pillars of the proposals• Key reform proposals• Institutional initiatives• Proposed benefit structureHR (Sakkie) HurdIndependent Principal Officer/Trustee and Director of Castle Consulting Solutions

END OF DAY TWO

DAY THREE

POST-CONFERENCE HALF-DAY WORKSHOP08:30-10:30

Lunch- 12:45-13:45

SUCCESSFUL IMPLEMENTATION OF DE-RISKING STRATEGIES FOR YOUR PENSION FUND: CASE-STUDIESInvestors should be preparing for a turn in the economic cycle and thinking about how they can reduce risk, particularly given the strong recent performance and increasingly stretched valu-ations within equities. • Economic scenarios creating the need to take action now

when it comes to de-risking of pension funds• Understanding what de-risking levers are available to pen-

sion funds in the current economic climate • How to select the right risk lever• Diversification out of equities and into other asset classes

and/or greater diversification within equities AngelaOkindaDivisional Head, Umbrella & Retail Solutions Alexander Forbes Financial Services (East Africa)

Page 7: PENSION FUNDS INVESTMENTS CONFERENCE · vestments Division at the Old Mutual where he became Man ager (Investments Technology) before he left to start Foord & Meintjes, then a small

PENSION FUNDSINVESTMENT coNfErENcE 2017

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Early Bird Offer:Book and Pay for 3 by the end of December and get

the fourth seat FREE!!

2 day Conference + Workshop + 4 days B & B = US$1 950

2 day Conference + Workshop (no accommodation) = US$1 5501 day Workshop only = US$450