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:info@pensions-africa.comAFRICA’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].info@pensions-africa.com 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)110192200oremailinfo@pensions-africa.com

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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