High-net-worth individuals (HNIs), typically those with liquid investable assets exceeding R5-10 million, face unique pension fund challenges. Standard one-fund-fits-all approaches rarely suit their complex tax situations, diversification needs, and wealth...
Retirement is one of the biggest financial decisions most people will ever make, yet it is also one of the areas where South Africans are most likely to underestimate how much planning is required. The often-quoted claim that “90% of people will not retire...
Derivatives, financial instruments whose value derives from underlying assets, are among the most misunderstood and misused pension fund tools. Many investors associate derivatives exclusively with speculation and excessive risk. Yet properly used, derivatives serve...
Every month, a portion of your salary disappears into your company pension or provident fund before you even see it. Most employees know this contribution reduces their tax bill, but very few understand whether they are actually structuring it in the most tax...
A pension fund promising 10% annual returns is worthless if you cannot access capital when needed. Liquidity, the ability to withdraw invested capital at reasonable prices with minimal delay is often overlooked by pension fund investors focused on return...
Environmental, Social, and Governance (ESG) investing and blended finance combining philanthropic capital with commercial investment to address social and environmental challenges, represent the fastest-growing investment categories globally. For SA pension...
Fees represent the largest controllable variable affecting long-term pension fund returns. A pension fund investor can influence neither market returns nor economic conditions, but fees—which can range from 0.2% to 2.5% annually for passive and active funds,...
South Africa's pension fund industry is dominated by a handful of large, established managers: Ninety One, Old Mutual, Sanlam, and a few others control the majority of AUM. This concentration creates opportunity for emerging managers, smaller, newer firms willing to...
The first half of 2026 proved challenging for South African pension funds. Global economic uncertainty, persistent inflation concerns, and domestic policy headwinds created a complex investment environment. While some fund managers navigated these conditions...
A fund manager displays a ten-year track record of outperformance, consistently beating benchmarks by 2% annually. This appears compelling until you discover the manager is new, promoted last year from analyst, and had nothing to do with the historical performance....
Fund marketing materials present a sanitized version of risk. A brochure might state "volatility: 12%" or "risk rating: medium", metrics that sound technical but reveal little about actual portfolio risk or downside exposure. Fund fact sheets present historical...
Due diligence is the rigorous investigation of an investment before committing capital, separates successful institutional investors from those who suffer preventable losses. Yet many investors rush through pension fund due diligence, conducting superficial reviews or...