2016 MCPF Contributing Member’s Election

Election details 2016 Election procedures 2016 Letter to contributing member councillors regarding Trustee election 2016 2016 MCPF Member Trustee Nomination Form

Change of Offices for MCPF

Central bank gridlock

It has certainly been a busy week on the central bank front with the US Fed eral Reserve, the Bank of Japan ( BoJ ) and the South Africa Reserve Bank (SARB) all stepping out with their monetary policy statements and interest rate decisions. Here is a recap of this week’s central bank move… click here to download the full...

The waiting game…

The day is finally upon us – p rominent central bankers, finance ministers, econ omists and market participants  have all  made  their way to Jackson Hole, Wyoming for the  Fed’s annual symposium  that  kicked off yesterday. On occasions, former  US  Fed  C hairman,  Ben  Bernanke, used  this  pl atform  to  indicate major  changes in  monetary  policy.  Back in  2012, Bernanke ...

Data Deluge

Fitch ratings agency quietly downgraded South Africa’s local currency Long – Term Issuer Default Rating to BBB – with a stable outlook, aligning it with the foreign currency rating , as one notch above junk status. This was due to the rating agency making changes to its sovereign methodology, consequently leading to 22 other countries also experiencing sovereign downgrades. The...

S.A. creeps one step closer to junk status

Fitch ratings agency quietly downgraded South Africa’s local currency Long – Term Issuer Default Rating to BBB – with a stable outlook, aligning it with the foreign currency rating , as one notch above junk status. This was due to the rating agency making changes to its sovereign methodology, consequently leading to 22 other countries also experiencing sovereign downgrades. The...

Looking for the silver lining…

Investor optimism returned towards the end of the week, buoyed by the expectation that the major  central banks will remain supportive of financial markets and stronger than expected US economic data. The minutes  from the last US Fed meeting showed that officials were losing confidence in the need to tighten  monetary policy any time soon and that the May slowdown...

Statutory Actuarial Valuation