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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

IRFA Dispatch - Thursday 11 September 2014

Top stories - Upcoming Adjourned Annual General Meeting - Second series of “An Effective Board” Trustee Training - INVESTMENT: Tips for a comfortable retirement - SA life insurance industry remains healthy and well capitalized - No child support, no pension - Changing mindsets from a young age - South Africa: Cosatu Issues Pamphlet On Retirement Funds

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IRFA Annual Conference 2014

Dear Members and Delegates, Thank you for attending the IRFA’s 26th annual conference themed “A New Dawn: Lighting the Future Towards a Comprehensive Social Security.” We hope that you found the conference informative and worthwhile. Our primary goal was to go beyond a mere exchange of latest and up-dated information on pension fund issues or a mere talk-show. The programme provided for panel discussions and break-away sessions where delegates had the opportunity to discuss retirement reform issues with experts, speakers and/or the Regulator.. There were many topics covered during the conference and the presenters did an outstanding job of sharing their expertise with you. We have conveniently uploaded all presentations for you onto our Dropbox, due to the size of the presentations we are unable to upload them to our website. Please click on this link to proceed to the Dropbox:

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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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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 Dispatch - Wednesday 15 October 2014

Top stories - Pension reformists should heed warning signs from African Bank - A new look at retirement planning - Government’s ongoing battle with retirement reform - No Holy Grail to investing - UK pension reforms – what do they actually mean? - State pension increase not enough to live on, campaign group says - Pensions and welfare: credit is due to the Government - UK's over-55s to be able to withdraw lump sums from pensions

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