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Welcome to IRFA

The Institute of Retirement Funds (IRF) is a non political body which represents and promotes the interests of the retirement industry in Southern Africa, to the ultimate benefit of the members of retirement funds. The most important function of the IRF is to represent the retirement industry in negotiations with government authorities and the Financial Services Board (FSB), which would include commenting on legislation and tax matters affecting retirement funds/pensioners etc. The IRF therefore depends on total support from all parties concerned with the retirement benefit provision industry.

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IRFA Annual Conference

Trustee Development - Second Series (September 2014)

The IRFA will hold its second series of “An Effective Board” Trustee Training in 2014, facilitated by an accredited provider. Learners who also attended the May series will be given a NQF level 3 certificate which will enable them to pursue a career in the retirement fund industry. This training empowers learners who are Trustees of retirement funds or who intend standing for election as a Trustee of retirement funds to: • Understand responsibilities and duties of a Trustee. • Enable new and prospective Trustees to act responsibly in standing for election or performing their duties as Trustees of their own retirement funds

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2014 Best Practices Industry Award Winners

The IRFA would like to thank all entrants of the 2014 Best Practices Industry Awards and congratulate all winners in their respective categories. The awards ceremony took place at the gala dinner during the annual conference of 2014. The Best Practices Industry Awards once more showed growth by including two new categories namely Investment Performance and Trustee Education and Training. We have to mention that the standard of entries has steadily gone up. We once more congratulate the winners, and here they are: The Best Practices Industry Awards Trophy Winners Communication Strategy: Debswana Pension Fund Communication Project: The Foschini Group Retirement Fund Legal and Technical Compliance: Sanlam Umbrella Fund Financial Reporting: Sanlam Umbrella Fund Investment Performance: Natal Joint Municipal Fund The Best Practices Industry Awards Gold Standards Certificate Winners

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IRFA 26th Annual Conference Feedback - Source - EBNet

The annual Institute of Retirement Funds Conference was held in Durban Monday 18th and Tuesday 19th of August 2014. The conference opened with speakers discussing economic trends and the impact on the economy, social security and welfare programs. Speakers highlighted the growth of African economies and opportunities in Africa as those economies were growing at a faster rate than the South African market. Concerns were raised over the disintermediation of the employer. Anne Cabot-Alletzhauser from Alexander Forbes Benefits Barometer argued that financial education has failed so far and the employer is the first place to engage employees around financial literacy. She explained that with the lack of social security provision by state, that social protection has been outsourced to the financial services industry. Speakers also touched on a variety of reform subjects including explicit and implicit costs of retirement reform, the use of index funds, mandatory preservation and mandatory contributions. The first Breakaway sessions covered topics such as S37 of the Pension Funds Act, infrastructure investments and the use of Living Annuities. The day wrapped up with further breakaway sessions on retirement reform toolkit for trustees, death claim processing and an open session with the judging panel for Best Practice Industry Awards.

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Notification of IRFA Annual General Meeting 2014

Monday, 18 August 2014 at 17h00 Durban International Convention Centre 45 Braamfischer Road Durban (IRFA Annual Conference 2014) Members are encouraged to attend. If you are unable to attend, please contact the IRFA to obtain a proxy form and send a proxy to attend on your behalf. Members will receive the Annual Report at the conference. A copy of the Annual Financial Statements and minutes of the 25th Annual General Meeting and Agenda will follow in due course and will be distributed at the AGM. Further information can be found on our website,, or telephone/email, 011-781-4320 /

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IRFA Dispatch - Thursday 7 August 2014

Top stories - The reforms that could save South Africa’s future retirees: Retiree behavior - Shift in control of pension schemes - Old and impoverished - Impact of new tax law on living annuity - 'Retirees misled by return promises' – pension funds body - Now is the time to be thinking about dividends - Badly worded divorce orders rob women of retirement fund benefits - Dipping into pensions could be an alternative to payday loans, says expert - Savers handed new tax-efficient way to get at their pension pots as officials flesh out upcoming retirement freedoms

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IRFA Dispatch - Wednesday 6 August 2014

Top stories - Retirement system not broken, just cracked - GEPF pensioners or members will not lose lump sum in 2015 - Why sustainable investing shouldn't trump investment returns - Take responsibility for your retirement - Retiring later can boost your savings - Phased retirement and provident funds - You could delay taking your pension

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