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 Auditors
10X Investments is audited by PWC.
Independent Auditors
The 10X Investments funds are audited by PWC.
Independent Trustee & Custodian
Rand Merchant Bank is the custodian and trustee of the 10X Unit Trusts.
Cell Captive Underwriter
The 10X Living Annuity is underwritten by Guardrisk Life Limi ted (FSP No. 76).
Independent Trustees – 10X Retirement Funds
The 10X Retirement Funds are controlled by an independent Board of Trustees.
Jonathan Mort
Independent Chairman
Jonathan Mort pension funds lawyer over 25 years experience, past head ENS Cape Town Employee Benefit Practice, past National President of the Pension Lawyers Association, director of Allan Gray Unit Trusts.
The 10X Solution is very sound from the perspective of the member.
Dalene Willemse
Independent Principal Officer
Dalene Willemse is a pension funds lawyer with 20 years experience in pensions and insurance law and compliance, independent trustee for the Sanlam Umbrella Funds.
Paul Slack
Independent Consultant
Paul is a member of the Principal Officers Association. He is the owner of Fasttrac Freelance Business Specialists which offers financial consulting, accounting, tax consulting, financial training, risk management and trustee services. Paul has vast experience in the industry as he has been an independent trustee for a variety of retirement funds.
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
10X Investments manages over R8bn in assets for industry-leading clients
