Excellence in administration

  • ISSA Guidelines:
  • Investment of Social Security Funds

Excellence in administration

  • ISSA Guidelines:
  • Investment of Social Security Funds

Investment of Social Security Funds -
Guideline 34. Transitioning of assets when there is a change in external investment manager

When a decision is made to change external investment managers, a number of governance issues are considered in the transfer. These include information requirements related to the change, consideration of fees or surrender penalties, and communication to those impacted upon by the change, including custodians, members and accountants. While transitioning assets between arrangements the risks associated with the actions are identified and managed appropriately and, at the same time, the institution also seeks to minimize costs where possible.