Management of the Fund

The ISASA Retirement and Provident Fund is overseen by a Board of Trustees, ensuring its administration and strategic direction. The current Board comprises:

• 5 regional member-elected Trustees
• 1 pensioner-elected Trustee
• 5 employer-appointed Trustees, including:
• 1 SAHISA representative
• 1 SABISA representative
• 3 ISASA-appointed Trustees

Additionally, the Board includes a Chairman and an independent consultant. An alternate member-elected Trustee is also available to act in the absence of any member-elected Trustees.

The Board of Trustees of the ISASA Retirement Fund and Provident Fund is constituted in terms of the Rules of the Pension Scheme and Provident Fund and the Pension Funds Act No 24 of 1956 (as amended).

ISASA RETIREMENT FUND AND PROVIDENT FUND – BOARD OF TRUSTEES

The Board of Trustees receives assistance on Fund matters from the following industry experts and specialists:

The Funds are run with a sub-committee structure to the full board. The following sub-committees are in place:

Audit And Administration Sub-Committee

The Audit, Administration and Risk sub-committee, formed in 2003, meets on a quarterly basis.  It consists of six members, Mike Acutt (Chairman), Simon Kroon, Maryanne Lansdown, Varinia Eddie, Sean King, Nicola Burger and the Principal Officer, Leslie Primo. The Funds’ actuary, Stephen Walker, Laura Kelty (ISASA) and representatives from the administrator attend the meetings as observers.  Representatives from the auditors attend once a year to present the financial accounts.

Investment Sub-Committee

The Investment Sub-Committee consists of six members, Zola Lupondwana (Chairman), Joni Warburton, Deslin Naidoo, Lebogang Montjane, and the Principal Officer. The Funds’ actuary attends for the purpose of providing specialist advice.

Communication & Marketing Sub-Committee

The Communication & Marketing sub-committee, formed in 2011, meets on a quarterly basis.  It consists of six members, Varinia Eddie (Chairperson), Madimetsha Shika, Duduzile Thela, Dianne van Heerden (ISASA), Wayne Stuurman (ISASA) and the Principal Officer, Leslie Primo.