Bruce has 35 years’ experience within the Corporate Retirement Fund Administration Sector.
Current position – Executive Chairman of Core Fund Administrators.
He also holds various governance positions as Chairman on various boards of trustees for retirement funds.
Previous positions – Managing Director of First Light Fund Administrators
Paul has over 30 years’ experience as a Chartered Accountant.
Current position – Owner of Fasttrac Freelance Business Specialists providing financial consulting and services to a wide range of businesses.
He also serves as an Independent Trustee and independent Principal Officer to various retirement funds and medical aids.
Previous positions – Finance Director of the Cape Technikon, Finance; Manager at Irvin & Johnson and the Finance Manager at Engineering Management Systems (a Murray & Roberts subsidiary).
Carlo has over 17 years’ experience in the retirement funds industry with strong financial, legal and compliance expertise in retirement funds.
Current position – Director at Camano Consulting (Pty) Ltd, specialising in consulting services and training solutions to retirement funds and administrators.
He also serves as an Independent Trustee, Section 26(2) Trustee and as a Principal Executive Officer to various retirement funds.
Previous positions – Specialist Analyst at the Financial Sector Conduct Authority (FSCA) and its predecessor the Financial Services Board.
Dave has 40 years’ experience in the Financial Services Industry.
Current position – Owner of Dave Johnson Consulting since 2002, which provides consulting services to financial service companies and employers relating to financial services.
He also holds various governance positions as an independent Trustee, Principal Officer and independent Director.
Previous employers – Fifth Quadrant Actuaries and Consultants, Southern Life, Momentum Life and Sygnia Asset Management.
Core Fund Administrators has been exclusively administering unclaimed benefit funds since 2009.
The administered unclaimed benefit funds combine a unique investment strategy and fee structure to optimise real benefit preservation with a comprehensive tracing approach to deliver an industry-defining solution.
December 2023
December 2023
Unclaimed Assets Under Administration
Investment Returns*
Active Members
Members Traced
The Core Funds avoid volatility over the short term, protecting benefit capital values after fees when the probability of tracing is at its highest.
After this period, the focus shifts to achieving real benefit growth after inflation and fees. Independent trustees are responsible for the review and appointment of asset managers.
Real Preservation, a critical component.
The Core Funds avoid volatility over the short term, protecting benefit capital values after fees when the probability of tracing is at its highest.
After this period, the focus shifts to achieving real benefit growth after inflation and fees. Independent trustees are responsible for the review and appointment of asset managers.
Real Preservation, a critical component.
The Core Unclaimed Benefit Funds have a fee structure that ensures that all member benefits – irrespective of value – are not diluted due to fixed monthly administration fees.
The fund administration fees charged are set at a level that removes the risk of benefit dilution in short term and achieves real benefit preservation after fees and inflation in the medium to long term.
The Core Unclaimed Benefit Funds have a fee structure that ensures that all member benefits – irrespective of value – are not diluted due to fixed monthly administration fees.
The fund administration fees charged are set at a level that removes the risk of benefit dilution in short term and achieves real benefit preservation after fees and inflation in the medium to long term.
The fund trustees have implemented a tracing fee structure that ensures member benefits are not materially diluted by tracing costs, irrespective of benefit value.
But that means little if members are not traced.
The fee structure includes an incentive payable on the achievement of annual stretch trace targets set by trustees.
Our ongoing tracing rates indicate the success of the model.
The fund trustees have implemented a tracing fee structure that ensures member benefits are not materially diluted by tracing costs, irrespective of benefit value.
But that means little if members are not traced.
The fee structure includes an incentive payable on the achievement of annual stretch trace targets set by trustees.
Our ongoing tracing rates indicate the success of the model.
Unrivalled Unclaimed Benefit Expertise
Retaining an exclusive focus on unclaimed benefit administration means Core Fund Administrator’s systems and process are specifically designed to address their unique requirements. Never trying to adapt active fund administration systems, which compromises efficiencies.
Senior management of Core Fund Administrators have over 18 years experience and expertise relating to unclaimed benefit tracing.
No compromise. Just focus, expertise and experience.
Unrivalled Unclaimed Benefit Expertise
Retaining an exclusive focus on unclaimed benefit administration means Core Fund Administrator’s systems and process are specifically designed to address their unique requirements. Never trying to adapt active fund administration systems, which compromises efficiencies.
Senior management of Core Fund Administrators have over 18 years experience and expertise relating to unclaimed benefit tracing.
No compromise. Just focus, expertise and experience.
Trustee performance, related expertise and knowledge are non-negotiable criteria for good governance.
In recognising these fundamental principles, our trustees have been elected to actively govern and contribute to the protection of member benefits and rights.
The importance of governance and compliance with all applicable legislation is an ongoing critical area.
Chairman
Higher National Diploma in Business and Finance, FPC, CII (UK)Independent Trustee - Principal Officer
B.Comm. (Hons.) (Financial Management), CA (SA)Independent Trustee - Legal & Compliance
B.Comm.(Investment Management) (UP), Postgraduate Diploma in Financial Planning (UFS)Independent Trustee – Investments
B. Business Science (Actuarial Science) (UCT)
Suite 4100, Sunclare Building,
23 Dreyer Street, Claremont, 7708, Cape Town
Postnet Suite 111, Private Bag X26, Tokai, 7966
Core Fund Administrators (formerly TDF Fund Administrators) is an FSCA authorised fund administrator in terms of the Pension Funds Act. License Number: 24/495. Directors: B.Knight (chairman), S.Rossouw
The Core Unclaimed Benefit Funds are registered retirement funds.
Core Unclaimed Benefit Preservation Pension Fund: Registration No. 12/8/37910
Core Unclaimed Benefit Preservation Provident Fund: Registration No. 12/8/37920