As we hear daily of new horrors about the plundering of state coffers – frequently with the assistance of the officials elected to protect them – 10X Investments is running workshops aimed at ensuring the security of another pool of South African citizens’ assets: private and corporate retirement savings.
The Zondo Commission into state capture and the commission of inquiry into the Public Investment Corporation have shown how vulnerable the massive assets under state control are to corruption and greed; the same is true of the nation’s pension and provident fund assets.
The last line of defence for these funds is the people who govern them as trustees. It is essential that trustees have the right knowledge and skills to ensure that workers’ savings provide them with appropriate benefits when they retire.
The Trustee Revelation Training series of workshops for retirement fund trustees, the second of which will be held on February 15 in Johannesburg, are designed as “independent forums where trustees get exposure to the most important topics facing them”.
Hilan Berger, head of Institutional Business at 10X Investments, said the idea is simply that the trustees will leave the event “better-equipped to perform their roles”.