| The concerns raised by Vuyani Ngalwana, the Pension Fund Adjudicator in his latest annual report, mirror the findings of the Deloitte survey into Retirement Fund Governance authored by George Cavaleros, Partner in the Deloitte Financial Services Team. The Deloitte survey concluded that retirement fund governance is not at acceptable levels (6 out of 10) and consequently funds, their members and trustees are exposed to unacceptable levels of risk. Judging from the number and nature of complaints received by the Adjudicator, the Deloitte conclusion continues to be valid. This article looks at some of the... |