Our retirement fund clients have a membership of approximately 60 000 and assets of some R40 billion.
Arthur Els & Associates provides full actuarial services to approximately 30 retirement funds (including 3 umbrella funds).
- The 5 largest of these retirement funds are the Altron Group Pension Fund, KwaZulu-Natal Municipal Funds, the SABC Pension Fund, the Sasol Pension Fund and the SBV Provident Fund.
- Arthur Els & Associates also provides ad-hoc actuarial services to employers and retirement funds. Larger clients who have made use of our services include BHP Billiton, Illovo Sugar, Sappi and Transnet as well as AfriSam Cement; Deloitte, Samancor Chrome, Mercantile Bank, Zurich, Everite Building Products and Momentum Insurance.
Arthur Els & Associates carries out valuations of company liabilities in respect of post employment benefits under International Accounting Standards 19(IAS19). These valuations include retirement fund obligations, post retirement medical aid subsidy obligations, severance pay obligations and deferred compensation plans.
Arthur Els & Associates also assist companies and their Risk Committees in managing their enterprise risks. Corporate clients include Altron Limited, AVI Limited, Everite, Group Five, Optimum Coal, Sasol Limited and SABC.