120 likes | 137 Views
This article provides insights into risk identification in pension fund management, featuring data from the Registrar of Pension Funds in South Africa as of May 2011. Key statistics and significant features of the supervisory landscape are highlighted, emphasizing the board composition and fund types. The importance of a robust risk model is discussed for effective risk management practices.
E N D
Risk identification in practice Jurgen Boyd Registrar of Pension Funds FSB South Africa 5 May 2011
Supervisory Landscape • Number of active funds = 3 177 • Number of Administrators = 309 • Number of members = 10 Million • Asset value = $171 Billion
Significant Features • The Board of Fund of retirement funds should comprise of at least 4 members • At least 50% of the board members must be elected by members • 95% of funds are DC and the majority are occupational funds • No preservation or compulsion