initially know by our loyal the 13th followers, delegates ... · sun city resort, pilansberg, south...
TRANSCRIPT
The 13th PENSIONS AFRICA
2018 SUMMIT 27, 28 & 29 June 2018
Sun City Resort, Pilansberg South Africa
Initially know by our loyal followers, delegates and Stakeholders as the…
The 13th Annual Eastern and Southern Africa
Pension Fund Conference Established 2005
Helping Fund Mangers Leave an Everlasting Retirement Income for Clientele & Ensuring Contributions as Inheritance in Rigid Economic Environment
Reforming African Pension Funds with a “Glocal” Emphasis on Innovation, Trends, Leadership, Markets and Digital Hybrid
Excellence SuperiorFundManagementMasterclass
2018SUMMITHIGHLIGHTSINCLUDE:
POST-SUMMITWORKSHOP–29JUNE2018ADEDICATEDPRE-CONFERENCETRUSTEETRAININGMASTERCLASSThe2030PensionFundTrusteeandtheKnowledgeThey Need-AssessingtheDesignPracticesforPensionFundstoThriveinaChangingEnvironment.PresentedbyAnnetteFlower,RetirementFundFacilitator,PensionRevelations&IndependentTrusteeTrainingSpecialist,CapeTown,SouthAfrica
TurningA2018FundintoA2030Fund–ThinkIt’sPossible?BOOKYOURSEATTODAYTOENSURETHATYOUCONTRIBUTETOTHISTRANSFORMATIONANDREFORMPROCESS...
Reviewinghowanexternalbusinessenvironmentimpactsonyourfunds–YOUWILLBESURPRISEDBYTHERESULTSTHATYOURFUND’SEXTERNALENVIRONMENTHASONYOUASFUNDMANAGEMENTPROFESSIONAL
FacilitatingtheImplementationofCorporateGovernanceandSuchMechanismstoEnsureSustainabilityinFunds...
16BenefitsofAttending1. TheRoll-OutofReform&TransformationalGoalsand
ObjectivesPerCountry,RegionandCapita2. ThePlanningandExecutionofReformStrategiesNot
YetPerformedinSomeAfricanCountries3. ThePotentialRelegalizationofTheIndustryTowardsa
newworldeconomy4. TheStrategicGovernanceNeededinModernFund
ManagementandCompliance5. PolicyandRegulationDevelopment–AnAfrican
Perspectivevs.AWorldview6. Theimpactofpensionfundonhousingfund
arrangements/Combininghomeloansandpensionfundsasinvestmentdecision
7. ALocalOutlookTowardstheFutureofRetireeonTheContinentandhowthisImpactonDecisionMaking
8. TheBurningQuestionSurroundingOver-RegulationinTheIndustry
9. DiscussHowLesseningRegulationsImpacttheIndustryAnd
10. TheDecisionsTrusteesCanMakeAboutSuitableInvestmentStrategies.
11. ResponsibleInvestingContinuestoBeatTheForefrontWith
12. InvestigatingtheUtmostCurrentTrendsandOptionsforCleverlyInvestingYourFund’sOverallPortfolio
13. RiskConsiderationsandManagementWillAlsoBeaKeyHighlight
14. TheInfluenceandEffectofDigitalMoneyUsedinTheAfricaFundsIndustry
15. TheyInfluenceonHowTrusteesCanImpacttheInvestmentStrategyforTheirFund
16. ModernCorporateGovernanceStrategiesThatAlsoContinuetoChallengeTrusteesDaily
VisitAfrica’sPremierShowcaseofBestPracticeKnowledgeTransfer
Ratedasoneofthenumberoneeventintheindustryasitcatersfortheentirecontinentanditschallenges
Youridealnetworkingandbenchmarkingindustryevent
AvoidDisappointmentlBookToday
OURPROUDLY13TH
SEATSARELIMITEDMAKESUREYOUBOOKINADVANCETobooknowcall+27(0)110192200(or)+27(0)113411000
Email:[email protected]’SPREMIUMSHOWCASEOFPENSIONREFORMSTRATEGIES–
SAVINGFORTHEFUTUREANDLEAVINGALEGACY
PensionsAfrica2018Summit27,28&29June2018SunCityResort,Pilansberg,SouthAfrica
IntroductionandWelcome DearLoyalDelegates,Speaker,StakeholdersandParticipants
Whatanamazingmomentformetoannounceandadviseyouontheofficiallaunchandopeningofregistrationsforthe13th2018AnnualEasternandSouthernAfricaPensionFundConferenceedition.Itismyutmostpleasuretoherewithprovideyouwithdetailsandthecontentforour13thAnnualline-upofthisflagshipconferencethatfirstopeneditsdoorsonthe3rdofMay2005.And,mayIsay,whatanincrediblejourneyithasbeentodateforbothourselvesandourparticipatingstakeholdersandpartnerstoseehowaconferenceofthisnatureandstaturehaselevated,maturedandobservedfundsgrowbythewaytheyaremanaged.Aftera longjourneyof13years inpresentingnumerousspectacularpresentations,qualitypaneldiscussionsandinternationalkeynotepresentationsweareproudonceagainparticipate inthisgrowing industryandweareproudtobeassociated inassistingwithprovidinguptodateinformationonanannualbasisinwaythatpensionfundmanagersandtrusteeslookattheirdailyduties,andresponsibilities.
Whatarethemostmodernchallengesthatwefaceasfundmanagers,principalofficersandtrustees?Thebusinesscaseforthe2018programisfresh,veryclear,yetmodernandoverwhelmingifyoustartgoingintothefinerdetailofwhatwehaveplannedfor27-29June2018.
Asyouknow,theever-changingfundmanagementenvironmentwillneverstopevolvingreformingitselfduetodailyissuesyoudon’thavecontrolover.Inaddition, theworldofpension funds isanongoingemergingsectorand it isoftenmentioned in themediaasastruggling industryon theAfricanContinent.Whetherthisistrueornot,wecannotallowthebeneficiariesandmembersofourfundstobeuninformed,unsatisfied,sometimesunaware,misinformedandbepredominantlyunsureabouttheirfutureafterretirement.AMCINTENATIONAL’sstrategicintentisverysimple,weaimtoinform,createplatformfornewgrowthanddevelopmentandserveourclientswithcontentthatwereresearchedin-depth.Whatisourfocusareafor2018thatcameoutbecauseoftheexceptionalresearchconducted?
1. Thetimeandneedforpensionfundreformisbuildingupandisvisibleininsecurity,anxietyandunwantedpressure–howlongbeforethehourglassisrunningout?
2. Thereisanew“glocal”emphasistonottryandduplicateorreplicateotherfunctionalpensionfundmodels,weneedlocalsolutionsforlocalproblemsbutasinanyindustry–externalbusinessenvironmentsareyourutmostbiggestenemy.
3. Localinnovation,theupliftmentinleadershipskillsandstylesthatcanreactpro-activelyinchallengingtimes4. Can you profoundly confirm that you are completely and entirely ready for the digital revolution that is already causing enforcement and
administrativeburdens?5. Areyoureadytostartmanaginghybridfundsandnewinvestmentchannelsthathasneverbeenadoptedfortrailandtrust?
The2018AnnualEasternandSouthernAfricaPensionFundConference(PensionsAfrica2018)willconsiderandunpack:
REFORMINGAFRICANPENSIONFUNDSWITHA“GLOCAL”EMPHASISONINNOVATION,TRENDS,LEADERSHIP,MARKETSANDDIGITALHYBRIDEXCELLENCE
Are you focusing on future trending strategies? External Business Environmental Factors such as international politics, socio-economic impacts,internationaleconomicfluctuations,theunstoppableandrapidspeedofchangingtechnology,thenewgreeneconomy,andasmentionedareanyoftheseissuescoveredinyourfuturefundmanagementstrategyorpolicy?Areyouincompliancewiththecurrentregulationinyourregion,or,areyouwillingtofacethepenaltiesthatareduetothemismanagementvisibleinweakfunds.LetAMCInternationalandourhandpickedkeyparticipants,practitioners,andstakeholdershelpyougetoutofapotentiallyuncomfortableconundrumwhenitcomestoupgradingyourstrategicvisionandtheeffectitwillhaveonyoufundmanagersandtrustees.Ourconferenceline-upfor2018 is driven by skilled presentations fromexpert practitioners sourced from around the globe to aidwithmuch-needed assistance, answers, andsolutions.DidyouknowhowmanyfundmanagersareheldaccountableontheAfricancontinentfornon-complianceandcanyouimaginehowimmensethisstatementis?BecauseAMCInternationalunderstandthetotalityofsuchimportantissuesapplicabletoanentireindustryandcontinentyouhavenoreasontomissoutastheline-upfor2018hasbeenperfected,fine-tunedandwaswellresearchedtosolveallyourcurrentneedsandprovideyouwithmodern contemporary solutions in fundmanagement excellence. Are you familiar with Hybrid Funds, Digital Fund Dashboards, Regulatory disputesubmissions online? – yourworld of pension-fund governance is evolving changing at such an alerting and rapid pace;missing one global financialeconomicshiftcansetyoubacktothedrawingboardinseconds.Letyoumindwonderonthisforamoment;Survivalofthefittest;adaptingratherthanadopting;digitallyconductedandtestedanalysis;Inwhosehandsarethemanagementofyourfund,andwhodecidesthepathforthebestoutcomesforyourmembersinthelongrun?Restassureandbookyourseattodaybycallingthenumbersprovidedforshowcasesummit.Formoreinformationortobook,calluson+27(0)110192200oremailinfo@pensions-africa.com.Welookforwardtowelcomingyouin2018! WithThanksandKindestRegards
AMC International is a Highly Acclaimed and Proud Accredited Training Provider by Services SETA
Accreditation No. 2287
AndréSnymanAssistantProducer AllImagesCourtesyofSun-InternationalAMCINTERNATIONAL SunInternational.(2018).SunCityResortinNorthWest,SouthAfrica-OfficialSite.[online]Availableat:https://www.suninternational.com/sun-city/[Accessed15Apr.2018][email protected] PS–SummitHighlight–Canyouconfirmthatyourcountryisonboardformodernreform?www.pensions-africa.com InvestigatingthePlanningandExecutionofReformStrategiesNotYetPerformedinSomeAfricanCountries
WhoShouldAttend?AssetManagers,BenefitAdministrators,ChiefInvestmentOfficers,ComplianceManagers,Director:EmployeeBenefits,ExecutiveBoardsofFunds,FinancialRiskManagers,FundAdministrators,FundManagers,HeadofAlternativeInvestments,HeadsofFunds,HumanResourceManagers,
InvestmentManagers,
LegalAdvisors,LegalPensionAdvisors,Manager:EmployeeBenefits,MemberDistributionManagers,PensionFundCommunicationProfessionals,PensionFundRiskManagers,PensionFundRiskManagers,PensionLawyers,PensionManagers,PensionOfficers,PensionRegistrars,PensionRiskAssessors,PensionRiskAssessors,
SchemeManagers,PortfolioManagersPortfolioManagers,PrincipalOfficers,TrusteesFutureNominatedTrusteesYourseathasbeenreservedandisreadytobebookedCall+27(0)110192200oremailinfo@pensions-africa.com2018SeatswillbelimitedBookyoursinadvance!
SummitProgramFeaturingRepresentationFrom:• ChalimbaPhiri,ManagingDirector,HeronConsulting,Zambia(KeynotePresenter)• ChrisKapanga,CEOofOldMutualWestAfricaandFormerCEOatOldMutualGhanaandOldMutualMalawi
(Invited)• BaronFurstenberg.PensionsandRetirementFundSpecialist(Invited)• DavidKopHOD:PublicPolicyandConsumerAffairs-FinancialPlanningInstitute• JonathanMort,Director,Mortlaw• PascalLugisani,SeniorManager,SanlamLifeInsurance• RichPrinsloo–Glacier(Invited)• RoxanneAndrewsandMelaniLotter,SeniorLecturers,UniversityofJohannesburg(Invited)• AnnetteFlower,SpecialistTrusteeTrainer,Post-ConferenceTrainerandFacilitator• AsimGani,ManagingDirector,IAC–IndependentActuariesandConsultants• GraceZulu,HeadofRegulatoryAffairs,MultichoiceZambia
Furtherknowledgetransferforthebenefitofyourretirees:
• ALocalOutlookTowardstheFutureofRetireeonTheContinentandhowthisImpactonDecisionMaking• DiscussHowLesseningRegulationsImpacttheIndustry• InvestigatingtheUtmostCurrentTrendsandOptionsforCleverlyInvestingYourFund’sOverallPortfolio• ModernCorporateGovernanceStrategiesThatAlsoContinuetoChallengeTrusteesDaily• PolicyandRegulationDevelopment–AnAfricanPerspectivevs.AWorldview(Keynote)• ResponsibleInvesting–Notathoughtbutaresponsibility• RiskConsiderationsforManagementBoards• TheBurningQuestionSurroundingOver-RegulationinTheIndustry• TheDecisionsTrusteesCanMakeAboutAppropriateInvestmentStrategies.• TheImpactofPensionFundonHousingFundArrangements/CombiningHomeLoansandPensionFundsas
investmentdecision• TheInfluenceandEffectofDigitalMoneyUsedinTheAfricaFundsIndustry• ThePlanningandExecutionofReformStrategiesNotYetPerformedinSomeAfricanCountries• ThePotentialRelegalizationofTheIndustryTowardsanewworldeconomy• TheRoll-OutofReform&TransformationalGoalsandObjectivesPerCountry• TheStrategicGovernanceNeededinModernFundManagementandCompliance• TheInfluenceonHowTrusteesCanImpacttheInvestmentStrategyforTheirFund
The2018SummitHighlightsInclude:
• ADEDICATEDPOST-CONFERENCEWORKSHOP:TRUSTEETRAININGMASTERCLASS–The2030PensionFundTrusteeandtheKnowledgeTheyNeed-AssessingtheDesignPracticesforPensionFundstoThriveinaChangingEnvironment
• A2-DAYPRAGMATICALLYSTRUCTUREDPROGRAMWITHPROFESSIONALSpresentingtheirviewsonmodernmanagementtoolsandtechniques
• ThemedSummitNetworkingDinner–BeachBBQ–ValleyoftheWaves
DraftSummitProgram.AMCInternational:Pensions-Africa©2018.AllRightsReserved.ProgramSubjecttoChange.www.pensions-africa.com
WithSpecialThankstoour2018ExpertAdvisoryPanel:
ForBookingsandReservationsCall+27(0)[email protected]
ABOUTTHESUMMITHOSTFOR2018SummaryofSunCityasHostDestination
ConferenceActivitiesandSocialFunctions RelivethePowerofKnowledgeTransfer
Network,Benchmark,Explore,DiscoverandRe-evaluateUpgradeandElevateYourSkillsandAbilitiesMeetUpwithTopLevelSeniorExecutives
UncoveryourFund’sPotentialwww.pensions-africa.com
Wednesday27June2018FullDayConferenceAgenda
ArrivalsandNetworkingLunchDay1PanelDiscussion
UnwindwithAWarm-HeartedWelcomingReception
Thursday28June2018
FullDayConferenceAgendaNetworkingLunch
Day2PanelDiscussionNetworkanddiscussnewStrategies
MeetYourPeersataDedicatedConferenceDinner
Friday29June2018Absorb,Experience&LearnfromtheBestSourcedTrainer
FullyPre-ResearchedSummitWorkshopTheMostBeneficialLevelofTrusteeTrainingAvailableontheContinent
ExchangeInformationandSetNewGoalsandCorporateDesiresExploretheBestofWhatSunCityCanOffer
NetworkingLunchandDeparture
ViewSunCityinyourownprivatetour….
AboutSunCity
TheSunInternationalbrandhasaproudlegacyinthegaming,hospitalityandentertainmentsector.Itssuperiorhotelsandresortsprofilemakesitarecognizedpremiumbrand.TheSunInternationalGrouphasadiverseprofileofassetsincludingworldclassfivestarhotels,modernandwelllocatedcasinos,andsomeoftheworld'spremierresorts.Ourdestinationsofferexperientialluxury,enduringqualityandincredibleadventure,supportedbyanauthenticdedicationtopersonalservice.
Today,SunInternational isoneofAfrica'slargesttourism,leisureandgaminggroupsandoperatesorhasaninterestinatotalof19resorts,luxuryhotelsandcasinos.OurentryintoLatinAmericabeganinChilein2008andhasbeenasuccessstoryfortheGroup,givingusthetrackrecordandconfidencetolookformoreopportunitiesthatoffergamingopportunitiesintheregion.SunInternational'sLatinAmericanprofile(MonticelloGrandCasinoinChile,theOceanClubCasinoinPanamaandtheSunNaoCasinoinColombia)hasnowbeenmergedwiththecasinoandhotelprofileofChile-basedleaderinthegamingandentertainmentindustry,DreamsSA,makingitthelargestgamingcompanyinLatinAmericawithoperationsinChile,Peru,ColombiaandPanama.Theirrealcompetitiveadvantagestemsfromthefactthattheyhaveacompellingandglobalcompetenceinboththedevelopmentandoperationofcasinos,hotelsandresorts–andatthesametimeweareextremelycomfortableoperatinginemergingmarkets.
AMC International and pensions-africa.com look forward to having Sun City and The Sun International Group act as destination managementstakeholdersthatcontributestothesuccessofthisevent.Toensureyoubookyourdelegateseatandaccommodationinadvancebysendingusanemailatinfo@pensions-africa.com|Alternativelyphone+27(0)110192200toregisternow.
Rethink,Reinvent,ReformandRevise.It’syourresponsibilityandprideatstake…Partakeinmakingadifference.PENSIONSAFRICA2018:SUMMITAGENDA DAY1:WEDNESDAY27JUNE2018
08:00 SummitRegistrationsWelcomingRefreshmentsandNetworking
08:30 SummitOpeningandWelcomingRemarks-Day1SummitChairperson
08:45 INTERNATIONALKEYNOTEADDRESS1THEINVESTMENTLOGICFORSUSTAINABILITYWITH“GLOCAL”INSIGHT–PLANNINGFORYOURPENSIONFUNDMEMBER’SFUTUREBECAUSETHISISWHERETHEYAREGOINGTOSPENDTHERESTOFTHEIRLIFES
• Areyoupro-activewhenitcomestothedriversofchance?• Takingareallyattheresponsibilityoflargeinstitutionalinvestors• Managingandinvestigatingthelogicbehindpopulationgrowthandtheeffectithasonpension-fund
investmententersustainabilitythatgoesalongwiththislogic• Theeconomicindicatorsforriskandreturn-theresistancefoundwithfundandportfoliomanagers• Allyourinvestmentrulesoftodayfitforpurposetomorrow?• PerformanceMetrics(ESG)andmakinguseofavailableresources• Mergingsustainableinvestingwithperformancemetricsandfinancialindicatorstominimiseanyharmon
yourportfolioandfundmanagement• Theinterrelatednessofsustainabilityandriskmanagement,especiallyforinstitutionalinvestors• Lessonslearntfromimplementingvaluecreationthatrequirestheeffectivemanagementofmakingbest
practiceuseofthreeformsofcapitalbeingfinancial,humanandphysical• Doesyourregulatoryenvironmentsuchaspolicymakersbelieveincreatinganequilibriumbetween
investmentandsustainability?• Understandingthepowerofinstitutionalinvestorsandtolerantlyawaittheresultoftheirmanagementof
capitalonyourfundChalimbaPhiri ManagingDirectorHERONCONSULTING
09:45
INTERNATIONALKEYNOTEADDRESS2SHOWCASINGAMODERNPARADIGMINSTRATEGICDECISIONMAKINGFORFUNDS:BALANCINGGLOBAL&LOCALINFRASTRUCTUREINVESTMENTS,DECISIONSANDBESTPRACTICEINTERNATIONALPARTNERSHIPS• Workingwithbusinessesindeliveringenhancedperformancerelativetotheirpeergroups• Prolongingandretainingstewardshipofthemanagedseparationprocess,balancingvalue,cost,timeandrisk.• FulfillingtheGroup’songoingregulatoryobligations;andmanagingtheGroup’sdebtobligations,centralcostreductions
anddistributionstoshareholders.
ChrisKapangaCEOofOldMutualWestAfricaandFormerCEOatOldMutualGhanaandOldMutualMalawi(Invited)
10:4511:00
Mid-MorningRefreshmentsandNetworkingINVESTIGATING,ANALISINGANDSCRUITENISINGTHENEEDFORCOMPLINECE,CORPORATEGOVERNANCEANDSUSTAINABLEFUNDINVETMENTSANDREGULATION–ACASEBYMULTICHOICEZAMBIA
• IdentifyingthemostproblematiccircumstancesrelatingtomodernmanagementandregulationfromanAfricanPerspective
• Adheringtoandadjustingyourmanagementstrategiestoensuregoodcorporategovernanceandcompliance• ManagingHybridStrategiesintheAfricanRegion–whatitentailsandhowtogoaboutit• SuggestionsandrecommendationstomanagementreforminAfrica
GraceZuluHeadofRegulatoryAffairsMULTICHOICEZAMBIALIMITED
DAY2-THURSDAY28JUNE2018
08:00 WelcomingRefreshmentsandNetworking
08:30 SummitOpeningRemarks-Day2-SummitChairperson
08:45
EXPLORINGTHEIMPACT,EFFECTS,RELATIONSHIPSANDBUSINESSESSENCEREQUIREDFOREFFICIENTFUNDMANAGEMENT:ACASEPRESENTEDBYNAMFISA(Invited)
12:00
MANAGINGTHEDYSFUNCTIONOFBOARDS• EvaluatingthefactorsthatindicatethedysfunctionofPensionFundManagementBoards• Analysingtheinabilityofboardstomake“sound”decisionsbasedontrusteeknowledge,availabilityof• informationandmanagingconflicts• Providinginsightsintomanagementoptionswithinarelatedperiod• Costmanagementinthedisabilityoffundtrusteesandmanagers• Ensuringpropercontrolmechanisms
JonathanMort,DirectorMORTLAW
13:00
NetworkingLunch
14:00 ACTUARIALCHALLENGESANDPOTENTIALFOREXCELLENCEINMODERNFUNDMANAGEMENTONTHEAFRICANCONTINENT
AsimGani,ManagingDirector,IAC–IndependentActuarialConsultants
15:00 Mid-AfternoonRefreshments
15:30
16:30
SUMMITPANELDISCUSSION:EMPHASISINGTHENEEDFORANEW“GLOCAL”MODERN,PREVAILINGANDCONTEMPORARYAPPROACHTOAFRICANPENSIONANDRETIREMENTSTRATEGIES/SCHEMES• DiscussingtheCurrentVisibleTrendsinPensionFundsinAfrica• Anevaluationoftheneedforreform,businessprocessre-engineeringandchangemanagement• ConductingaregionalstrategicanalysisbetweenCentral,EastandSouthernAfricaPensionFunds• ModernizingyourFundwithContemporaryandAdvancedHybridStrategiesandtheChallengeswiththeImplementation
Thereof• DebatingtheNumber1NewInnovativeTrendofaFundontheAfricanContinent• IdentifyingHowtoChangeYourFundbyapplyingmodernleadershipskillsintoaHybridDigitalSolutionforfundmembers• IntegratingInternationalTrendswithTheUseofNewTechnologyandMember/Company/GovernmentResistanceExpertPanelists:
• ChrisKapanga,CEO,OldMutualWestAfrica&FormerCEOatOldMutualGhanaandOldMutualMalawi(Invited)• ChalimbaPhiri,MANAGINGCONSULTANT,HERONCONSULTING• JonathanMort,DIRECTOR,MORTLAW(SouthAfrica)• AsimGani,MANAGINGDIRECTOR,IAC• GraceZulu,HeadofRegulatoryAffairs,MultichoiceZambiaLimited
ClosingRemarksbyTheConferenceChair-CloseofDay1
09:45
ACRITICALANALYSISOFTHENEWTAXATIONOFRETIREMENTFUNDCONTRIBUTIONS From1March 2016, new legislation regarding the taxation of contributions towards retirement funds has been implementedwith theobjectivesofharmonisingtaxdeductionsandstrengtheningretirementsavings,whilemaintainingthecurrentsavingsrate.Theaimofthisstudyistoestablishiftheseobjectiveshavebeenmetbyconductingacriticalanalysisoftheimpactofthenewdispensationondisposableincomeandtaxincentive.Theresultofthestudyindicatethatobjectiveshavebeenachievedinthenewtaxdispensation,howeverthenewprovisionisambiguousandrequiresclarityasitaffectscalculationsbasedontaxableincome.Thoughretirementfundmemberscanmaintainor increasetheircontributions, the incentivetosavemoremayonlybe intheoryasthereduction intaxpayabledoesnotoutweighthereductionindisposableincome.Presentedby.RoxanneAndrews&MelanieLotterSeniorLecturers,UNIVERSITYOFJOHANNESBURG
10:45
11:00
Mid-MorningRefreshmentsandNetworkingREFLECTIONSFROMTHEFINANCIALPLANNINGINSTITUTEOFSOUTHAFRICA:EFFECTIVEANDFUNCTINALPENSIONSFUNDSFROMSOUTHAFRICANPERPECTIVE:ADVISE,RECOMENDATIONSANDTHEWAYFORWARDINPUBLICPOLICYANDREGULATION
DavidKopHOD:PublicPolicyandConsumerAffairs-FinancialPlanningInstituteFPICENTREFORPROFESIONALDEVELOPMENT(SouthAfrica)
12:00
INVESTIGATINGMODERNSTRATEGIESFORSUSTAINABLEFINANCIALINVESTMENTS
PascalLugisaniSeniorManagerSANLAMLIFEINSURANCE
13:0014:0015:3019:00
NetworkingLunchSUMMITPANEL&OPENBLENDEDLEARNINGDISCUSSION:SHARINGANDREVIEWINGTRENDSINMANAGEMENT,POLITICAL,REGULATORY,GOVERNANCE,LEGAL,TECHNOLOGICALENVIRONMENTSOFAFRICANPENSIONFUNDS• Howarefundbeingmanagedina“glocal”perspective?• HowLesseningRegulationsImpacttheIndustry?• Whataremoderninvestmentsolutions?• Whatyouneedtoknow:TheModernCorporateGovernanceStrategiesThatAlsoContinuetoChallengeTrustees• ResponsibleInvesting–Notathoughtbutaresponsibility?Wheredoesyourfundfit?• DiscussingRiskConsiderationsforManagementBoardsandaskingthehardquestionsoftenlaidaside…• ObtainingopinionsonBurningQuestionSurroundingOver-RegulationinTheIndustry• WilltherebeanInfluenceandEffectofDigitalMoneyUsedinTheAfricaFundsIndustry–e.g.cryptocurrencies• ReformStrategiesNotYetPerformedinSomeAfricanCountries–yoursuggestionsandideasforfasttracking…• FacingtheultimatebarometerintheStrategicGovernanceNeededinModernFundManagementandComplianceExpertPanelists:
• DavidKop,HOD:PublicPolicyandConsumerAffairs-FINANCIALPLANNINGINSTITUTE(SouthAfrica)• PascalLugisani,SanlamLifeInsurance• RoxanneAndrews,SeniorLecturer,UNIVERSITYOFJOHANNESBURG(Invited)• MelaniLotter,SeniorLecturer,UNIVERSITYOFJOHANNESBURG(Invited)SummitClosingRemarks-Day2
SummitChairperson(AfternoonatLeisure)ConferenceDinner–Theme:BeachBQQattheValleyoftheWaves
DAY3:FRIDAY29JUNE2018–EXCLUSIVEPOST-SUMMMITWORKSHOP
08:00 WelcomingRefreshmentsandMasterclassRegistration(Mid-MorningRefreshmentsservedat10:30)
THE2030PENSIONFUNDTRUSTEEANDTHEKNOWLEDGETHEYNEEDINUNFORESEENTURBILNANTCIRCUSMSTMCE:ASSESSINGTHEDESIGNPRACTICESFORPENSIONFUNDSTOTHRIVEINACHANGINGENVIRONMENTSHaveyoueverconsideredtheimpactsthatanexternalbusinessenvironmenthasonfundadministrationandmanagement?
ConferenceWorkshopIntroduction.Onbehalforganisingcommitteewouldliketotakethisopportunityandthankyouformakingthebestpotentialuseofthecontentbeingprovidedforthisworkshop.Wehavegonedeepandwideindoingproperongoingresearchtoprepareyourselfandyourteamforexternalbusinessenvironmentthatnoonehascontrolover.ThispreconferenceworkshopwillbethefirstofitskindonAfricancontinentandwewillaimtomakeitaspracticalandunderstandableaspossible.theexternalbusinessenvironmentinanycountry“Wil”differbasedonitsnatureandcompositionofeconomicanddevelopmentgoals.
So,whatwillbethecentralpointofthisextraordinaryworkshop?Inthisturbulentworld,weneedsoundproofstrategiesingoingforward,especiallyinthefieldsof,risk,reform,strategicalliancegovernance,compliance,policyandregulation,theoverregulationoftheindustry,trusteesdevelopingandexecutingsuitableinvestmentstrategies,responsibleandsustainableinvestment,andtheworldofdigitalmoneydrawingmoreattention.Thisworkshopwouldalsoserveasa“nottobemissedmasterclass“thatwillprovidedelegatesthetransformationdetailtolearn,understand,andtakehometheknowledgethattheyacquired.
Thisseminarandworkshopwillconsiderthe7biggestexternalbusiness influencesthattrustees in2018WILL,notmight,couldorperhapsbefacing in2030’s,TRUSTEESANDPENSIONFUNDBOARDS-DOYOUHAVECONTROLOVERELEMETSSUCHAS:PoliticalForcesIssuessuchasgovernmentbuy-in,adoptingregulationthatisinthebestinterestformembersandnotforthefundmanager'sbenefitwillbeaddressed.Understandingthat you need to adapt and not adopt – countries copying political agendas with the aim of empowering the system and not the member. Fraud,corruption,mismanagementinthepoliticalspherewhilstworkingagainstasystemthatyouasindividualcannotcontrol.Perhapsalso,Inthesametime,sketchingafundmanagementandtrusteefuturebasedonuncontrollablepoliticalimpactsthatmustbeadheredtonomatterwhatyouthinkorbelieveisthebest.Doyouastrusteefullyandcomprehensivelyunderstandtheimpactofinternationalpoliticsonyourfund?
EconomicsUnstableeconomieswillbediscussedwithsamplesofdemandshigherthansupplye.g.Greecevs.Chilebeingattwoseparatepolesaimingforthesamegoalbutmanaginginfluencesfromaneconomycleverlyorhorrifically.ThesuddenchangesincurrenciesthatweasSouthAfricanshasencounteredaftertheinaugurationofournewlyimportantandhonourablePresidentCyrilRamaphosacausedcurrencyfluctuationbeyondbelieduetoSouthAfrica’sjunkstatuswasremoved.Actingtolate in playing the investment, stock market and currency fields cannot be ignored or predicted. Are fund managers just going to blame the system, ortakeaccountabilityandresponsibilityfortheiractionsanddoings,regardlessofthesigns,signals,warninglights, indicatorsandscenarioplanning.Doyouhaveabackupplantrustees?
Social…Realisingthatyourdoingsastrustee(notcould,ormight)butWILLhaveanimpactonthesocialstatusoftheretirementsectoryouserve.Fromhistory,wehaveencounteredterriblestoriesandtalesofmemberswalkingawaybarefeetandhungryduetotrustees,fundmanagersandadministratorsnotrealisingtherealityofthe futureandbelieve that theirprojections is flawless/faultless.Whatareyougoing to tellyourmembers in12years’ timewhensocietysuffers fromscarcity,mobility,belowaveragelivingconditionsandregrettowardsyouthattheytrusted12yearsago…currencytoday,penaltiesandtaxestomorrow.Whatwouldyousaytoyourmember’strusteesbasedonthissocialinjustice?Doyouthinkyoucanbeheldpersonallyresponsible;andtheanswerisYes.
Technology…TheAmericanadoptedfunddashboardseemsverytrendywithinformationavailableattheclickofabuttonandstillthereWILLbeinformationgoingtowasteifnotbeingpro-activeforthetechnologicaleraandforcesthatmustbeimplementedbecause“thesystem”requiresyoutodoso.Thespeedoftechnologychangingnotweeklybuteveryhour.Canyoukeepupastrusteetothelatesttrendsthatwillsetyourfundapartfromcompetitors.Whatisyourbiggestchallengetechnologicallytrustees?Andno,althoughyoumighthavethinksocialmediais,or isnotaprofessionaltoolformembershipmanagement–areyoutechnologyreadyfor2018onwards?-Thereisnoshortcutforqualityandcompliancetrustees,orarethere?Perhapstechnologycouldbeyourbestpotentialoptionforrelayingandensuringthatyourmembersunderstandhowyouwereusingtechnologyforthebenefits.
Legal…Understandthatyouarenottheonlyfrustratedtrusteeouttheresufferingfromthelegalitiesinretirementandpensionfundmanagement.Itswidelyrecommendedthat youquestion legislation, although there is so little that you candoabout it in the interimand immediate changing legal landscape, therewill alwaysbeamemberthatcausesyourhearttostopbeatingbecauseyourealisethatyourethicalconductwasn’tyourintentionbuttheratificationofyourdecisionsintakingthecorrectlegalpathisspotlighted.Areyoureadyforthefrontcoverofthenewsastrusteeunderscrutinyandblamedforirresponsiblebehaviourwithmoneythatshouldhavelastedalifetimeandstoodthetestoftime…tolateorcanyouastrusteesaveandrectifylegalmisconduct.Howmanysecretsisunderyourcarpettrustee?
Environmental…Buildingagreenerfutureasasignofcaringaboutwhathappenstoacollapsingworldaroundusduetoactdecisionsthatwasexecutedwithmajorflaws,andnow,ourchildrenandbeneficiariesmustcoughupmoneyforenvironmentaltaxes, investing innoncompliant investmenttools.Doyouwanttoseefundsdeterioratefromcausesthatissoeasilyblamed?Atthetopofthelistwasglobalwarmingandunpredictablealmostunbelievablecosmiccircumstancesandyourhandareworthnothingagainstthesepowers.Theyearwas2006andEastAsiae.g.Thailandisstillbusybuildingbacktheirtsunamirottenshorestoensurethereestablishmentoftheirtourismrelatedincome.Canyouprepareandthriveunderunstableenvironmentalforces,whatwouldyoudoif……?
International…Adoptedinto,andlistedintheOxfordDictionaryinOctober2017theword“Glocal”nowappearasvalidterminologyforhelpingpeopleunderstandtheactionsandconsequencesof“ThinkingGlobal-ActingLocal”.Ifyoucanseeflawswithintheworldviewofdecisionmaking-whatarethelessonswecanlearnfromthesometimes-misusedwordbeing“Globalisation”? Ifyou followtheactionsofglobal leaders in the field itdoesn’tmeanthat itwillpositivelyexpandyour listofstrengths ina“SWOT”analysis,youractionsfromglobalcasesandexampleswillnotnecessarilycreatetheperfectfundmanagementworldlocally.AreyoubeingwatchedorareyouwatchingandtakingnoteofglobalTRENDSthatseparatesthegoodfromthebadandthemisbehavingothers?-Wanttorevisityourstrategiesnowtrustees?Yourtimeisnow…
FacilitatedandPresentedby:AnnetteFlowerRetirementFundFacilitatorPensionRevelations&IndependentTrusteeTrainingSpecialistCapeTown,SouthAfrica
13:00SummitClosingNetworkingLunch
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