All statutory functions and advice to boards of trustees, including defined benefit and defined contribution valuations.  This includes:

• Statutory valuations or application for valuation exemption
• Rule amendments
• Financial statement reports
• S14 transfers
• S15C surplus distributions

We further provide member benefit calculations, including:

• Pension increases
• Benefit design and costing

We have a proven track record to conclude complex liquidations within the shortest possible timeframes, to the benefit of all stakeholders.

The appointed Liquidator will work closely with the Fund’s Valuator and will engage with the Board of Trustees before his or her appoinment to become familiar with the Fund’s specific circumstances.  If required, the Liquidator can also call on the services of SNG ARGEN’s Valuators.

We have an in-house liquidations administration team and call centre to perform the liquidation process end-to-end in instances where a Fund’s existing administrator is not prepared to, or able to, accept the ongoing appointment as administrator of the Fund.

We offer a wide range of potential actuarial support roles to other service providers in the industry. Some of the services that we provide include:

• Back-office support to prepare valuations for the Valuator
• Serve as appointed valuator to bring the statutory affairs of legacy or dormant funds up to date
• Review of administrative systems for accuracy and compliance
• Independent peer-review of valuations
• Data cleansing and/or rebuild of member records upon take-on from a previous administrator

An asset-liability modelling exercise can be performed on a regular basis as part of a Fund’s investment and governance strategies, or on an ad-hoc basis as and when there are any material change to the markets or the Fund’s circumstances.  This allow Trustees to set and manage investment strategies that are appropriate to their liabilities and to the level of risk that the fund is willing to take.

We use the ALIS Stochastic Modelling suite of programs for asset liability modelling.

SNG ARGEN is well known for resolving particularly complex retirement fund challenges where the Fund’s statutory affairs and/or administration is in arrears.  This may require any one or more of the following services to either bring the Fund back up to date, or to terminate the fund:

• Perform a backlog of historic valuations
• Rebuild of member records
• Preparation of rebuilt working papers
• Deregistration or liquidation.

Given the depth of our EB experience, we serve as expert witness to the Courts in retirement fund related matters.

We give support to employers to help them manage their long-term employee benefits. Examples of this include:

• We perform valuations and provide actuarial support and consultation services to auditors and employers on prescribed accounting disclosures of, amongst others, post-retirement benefits and other subsidies (IAS19/GRAP25), etc.
• Independent oversight on the operation of the fund (more particularly where the fund’s administrator, actuaries and consultant are all from a single one-stop-shop).
• Calculating and advising on long-term benefit costs such as long-term service awards, post-employment benefits, etc.
• Provide advice on multi-national mergers and acquisitions.
• Assisting in employer-wide reviews on the adequacy of employees’ retirement provision.
• We have considerable experience in complex employee benefit changes. This includes Section 197 transfers, Section 14 transfers, mergers and acquisitions, post-retirement medical aid subsidy buyouts, pensioner outsourcing and conversions from defined benefit to defined contribution funds.