We have a dedicated retirement funds industry group with extensive experience in providing services to both retirement funds and administrators. We have a considerable skills base in South Africa and have an in depth knowledge of the functions and operations within the Industry.

Assurance and accounting services

• Statutory audits and section 15 reporting to the Financial Sector Conduct Authority;

• Accounting, regulatory and governance advice;

• Detailed checking of the roll up of individual member records;

• Checking on completeness and accuracy of migration of member data to a new administration platform;

• Valuations of unlisted investments.

Tax services

• Retirement funds reform impact analysis

Actuarial services

• Identifying fund risks, assessing fund risk appetite and risk mitigation / risk transfer strategies;

• Benefit design and implementation of cost-effective packages;

• Checking of complex benefit calculations;

• Independent assessment of assumptions and methodology in fund actuarial valuations;

• Financial reporting on IAS 19 and IFRS 2 valuations;

• Merger /acquisition support on risks linked to benefit arrangements, BEE trusts and share option plans;

• Independent valuation of structured products or derivative overlay structures to hedge market risk.

Advisory services

• Forensic investigations ,including data mining techniques applied to detect invalid benefit payments;

• Information systems and process assurance;

• Trustee and administrator training on retirement fund accounting and governance; and

• Strategy development including IT strategy.