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Fund Management 

The UCTRF is managed by a Board of Trustees.  The Trustees appoint a Principal Officer who is responsible for the day-to-day running of the Fund. The Trustees are responsible for all the decisions made on the UCTRF and have to ensure that members' and beneficiaries interests are protected at all times.  They are all suitably qualified individuals, and they have access to retirement industry experts and specialists where necessary.

The Board of Trustees of the UCTRF consists of 14 Trustees. Seven are elected by members of the Fund. The other seven are nominated by the employer.  

Member and Employer Trustees also have Alternate Trustees should one of them not be able to attend a Trustee meeting or resign.  The Employer appoints one Alternate Trustee and one or more Alternate Member Trustee/s are appointed from those who receive the next highest number of votes during member Trustee elections. 

The Trustees hold office for a period of three years. The current Board of Trustees will hold office until 31 December 2019.

The Trustees have a fiduciary duty to act in the best interests of the members. 

The Trustees meet at least four times a year. Over and above, in order to facilitate the smooth running of the Fund, the Trustees have set-up a number of Committees. The five main Committees of the Board are the: 
 

  • Administration, Audit and Rules Committee 
  • Investment Committee
  •  Communication Committee 
  • Section 37C Committee (Distribution of death benefits)
  • Retirement and Exits Benefits Committee

The Trustees

The current Trustees are: 

 
DESIGNATION
NAME
Employer Trustees
Mr Smartdryck Abrahams
 
Mr Emlyn Balarin
 
Dr Joel Chigada
 
Ms Joanna Legutko
 
Ms Yolokazi Quwe
 
Prof. Steve Richardson
 
Prof. Loretta Feris
Member Trustees
Associate Prof. Phillip de Jager (Chair)
 
Ms Judith du Toit
 
Ms Lesley Haddow
 
Mrs Tracy Johnson
 
Ms Karin Lehmann
 
Mr Hardy Maritz
Mrs Margie Tainton
Principal Officer
Ms Penny Fabre
Deputy Principal Officer
Mr William Nkutha
 
The Alternate Trustees
Prof. Jan Glazewski 
Mr Glenn Hurlow
 
 
Office Bearers
The Board of Trustees receives assistance on Fund matters from the following industry experts and specialists:
 
 

Principal Officer

Ms Penny Fabre

Auditor

PriceWaterHouse Coopers (PWC) 

Actuary

Willis Towers Watson

Administrator

Sanlam Employee Benefits (Pty) Ltd

Asset & Benefit Consultant

Willis Towers Watson

Registered Office of the Fund

Physical Address: Room 134, Bremner Building, Lovers' Walk, Rondebosch

Postal Address: University of Cape Town, Private Bag X3, Rondebosch 7701


To contact the UCTRF management p
lease
click here.