1. Bringing the Changes Broadening the vision and knowledge base within the industry De Wet van der Spuy

2. To guide our thinking Investment practices and benchmarks

3. To guide our thinking Objectives of investment research Industry compliance check Benchmarking (funds and industry) Guiding & educating Potential stakeholders Retirement funds Asset managers Insurers & banks Investment consultants Other (eg platform providers, administrators)

4. To guide our thinking Verify standards Investment Policy Statements (IPS) Investment sub committee Independent investment advise – fee structure, review Regulatory implementation (eg Reg 28) Benchmark practices Default solution – structure, preservation, annuitisation Lifestage approach – stages, takeup Platform services – costs, rebates Member choice – impact on fees Utilise performance fees

5. To guide our thinking Monitor trends Changes over last 12 months Alternative asset allocation Passive investments SRI General information AUM Overall Fund performance Average asset management fee