Governance

Strong governance is fundamental to our business. For most investors, their retirement fund represents their single biggest asset; there is thus a natural concern that this asset is properly managed and protected. Our governance structures establish the necessary security system to safeguard this asset.

Proper governance requires and facilitates complete transparency. Thus, we fully disclose our practices and policies, and provide members (investors), the actual owner of the investment, full insight into every aspect of their retirement plan via the 10X Member Portal.

Financial Sector Conduct Authority

10X Investments is regulated by the Financial Sector Conduct Authority. We are an authorised financial services provider, permitted to offer advice and discretionary investment management. We are also authorised to administer and manage retirement benefits and investments.

Independent Trustees – 10X Retirement Funds

The 10X Retirement Funds are controlled by an independent Board of Trustees.

Mr Gordon Moeng – Chairperson of the Board of Trustees | Director and Principal Consultant 

Gordon Moeng holds a B.Com Honours in Business Management and has 19 years of industry experience. He has a strong focus on strategic planning and his expertise includes providing capacity to benefit consulting firms in retirement fund consulting on a contract basis. Gordon also offers consulting services on pension and provident fund-related matters, and advisory services on pension and insurance-related issues. He is actively involved in client liaison, servicing, and assisting other service providers on various projects. Additionally, Gordon provides intermediary services between insurance companies and clients, including broker services for both approved and unapproved retirement fund benefits; where his role often requires him to deliver communication services as needed, such as conducting roadshows and facilitating member and trustee education sessions. 

Ms Grace Mbedzi - Independent trustee 

Grace commenced her Career in Employee Benefits Consulting over 10 years ago. She completed her studies with the Insurance Institute of South Africa, Allan Gray Fundhouse Advisory Programme and has a Bachelor’s degree in Business Administration. A passionate and seasoned Retirement Funding Consultant, Grace sits on various Retirement Fund Boards as a Trustee, Independent Trustee and Manco Member. She has also had the opportunity to advise and provide her technical skills to various retirement funding harmonisation projects and Mergers. Her passion for ensuring employees reach their retirement goals is undisputed.   

Paul Slack - Independent Trustee | Chairperson of the Audit and Risk Committee 

Paul Slack qualified as a Chartered Accountant in 1981 and worked in a variety of financial management roles, before launching Fasttrac Financial Services, which offers accounting, tax and financial consulting services, including business rescue. He has consulted extensively with 14 universities in SA and NSFAS, the National Student Financial Aid Scheme. He lectures occasionally and has been a visiting lecturer at the Graduate School of Business at UCT and also course leader of Advanced Budgeting for the Institute of Independent Research in Dubai. Paul chairs several audit committees in the public and private sectors and is a member of the audit committee of the Lesotho Highlands Development Authority. He is also chair of the board of the WP Blood Service. He was recently conferred the Chartered Director designation by the Institute of Directors. Paul has been involved in the retirement funds industry, either as principal officer or independent trustee, for the past 30 years, and is currently an independent trustee for three umbrella retirement funds and principal officer to an unclaimed benefits fund. 

Dalene Willemse - Independent Principal Officer 

Dalene is a pensions lawyer with 30 years of experience in pensions and insurance law and compliance. She serves as an independent trustee and principal officer for various funds and was a contributor to publications such as Marx and Hanekom: The Manual on Retirement Funds and other Employee Benefits and The South African Financial Planning Handbook. She was an examiner for the University of the Free State for the Post Graduate Diploma on Employee Benefits for several years.  She also sits on the IRFA Legal & Technical Committee. 

The Trustees adopted the 10X Default Glide Path as the Funds’ default investment strategy in accordance with Regulation 37 of the Pension Funds Act. The Counselling Document can be downloaded here