PENSION FUNDS EVOLUTION, REFORMS AND TRENDS IN SOUTH AFRICA

Nthabiseng MOLEKO; Sylvanus IKHİDE

Makale detayları

PENSION FUNDS EVOLUTION, REFORMS AND TRENDS IN SOUTH AFRICA

Yazarlar:

Nthabiseng MOLEKO | Sylvanus IKHİDE

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.134-151

Belge Tipi:

Makale

Yayın Tarihi:

5/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810827

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

This paper presents a graphical and descriptive analysis of the historical trends of
 the South African pension fund sector in order to provide insights and
 understanding of non-banking finance. Using a combination of secondary data and
 a desk review of existing literature, we provide in-depth analysis of the different
 types and number of pension funds, industry trends, policy reforms and legislative
 frameworks enacted by the South African government for the development of the
 sector. The study identified the evolution of the pension fund industry to be in four
 phases coinciding with different waves of industry policy reforms, namely: the
 infancy phase (1911-1958); institutionalisation phase (1959-1984); separation and
 continued separation phase (1985-1994); and corporatisation and amalgamation
 (1995-2015) The industry growth analysis indicated that a compounded annual
 growth rate of 14 percent is the highest annual growth over the past decade and this
 growth exceeds the global market average of 6.5 percent over the same period. The
 industry trend analysis is indicative of an upward trend in terms of funds’
 membership with the trendline showing a steep rise to over 15 million members
 from under 10 million memberships with the space of a decade. However, the
 number of pension funds operating in the industry has declined due to a steady
 move towards umbrella funds. Although the South African pension fund industry is
 not only moving in the right direction but also considered a beacon of success
 around the world, there remains huge potential for growth of the sector. Therefore,
 maintaining sound regulatory policies and government interventions will continue
 to ensure that pension funds are well managed and bad practices discouraged in the
 sector through the oversight functions of government regulatory institutions such as
 the Pension Fund Registrar and Financial Services Board.

Makale detayları

PENSION FUNDS EVOLUTION, REFORMS AND TRENDS IN SOUTH AFRICA

Yazarlar: Nthabiseng MOLEKO | Sylvanus IKHİDE

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.134-151

Belge Tipi: Makale

Yayın Tarihi: 5/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000810827

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

Nthabiseng MOLEKO | Sylvanus IKHİDE

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.134-151

Belge Tipi:

Makale

Yayın Tarihi:

5/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810827

Sıklık:

İki Yıllık

eISSN:

1309-8055