Clients

3

Rob handled this assignment in the most professional manner making recommendations that were well thought out. We approached Rob to assist us in advising on various complex matters concerning our pension fund. Rob handled this assignment in the utmost professional manner, working through all details, making recommendations that were well thought out, practical and easy to understand / implement. Rob was very approachable and accommodated our challenging deadlines and we are of the view that he represented very good value for money for the service provided. On a side, Rob does have a good sense of humour which made it a pleasure interacting with him through this exercise. Overall a job well done. Srinivasan Venkatakrisnan (Venkat), CEO.

AngloGold Ashanti retirement funds

1

The first person that comes to mind… is Rob. Every time a think about a pension issue that we would like to analyze, the first person that always comes to my mind to work with is Rob. Pablo Antolín, Head Private Pensions Unit.

Rob has been a regular contributor to OECD pensions and insurance work, and has rendered a great service to our organisation and our member and partner countries. He’s been a top-notch consultant, bringing thoughtful insights and in-depth research across a variety of actuarial and regulatory fields in different countries. Juan Yermo, former Head Private Pensions Unit.

OECD Private Pensions Unit

2

Rob is not swayed by bias, the caprices or ideology of the majority but is committed to objectivity. Rob Rusconi, is an exceptional social security researcher who, in his collaboration with us, truly met the standards of high-quality research. He is not swayed by bias, the caprices or ideology of the majority but is committed to objectivity. He communicates the facts and truth revealed by rigorous analysis and is dedicated to coherent and sound policies that improve the lives of all. His authenticity served our project well, and the product will remain a blueprint for any future sound practical retirement system in South Africa. Selwyn Jehoma, then Deputy Director General.

Department of Social Development

4

Rob made very complex issues understandable for trustees. Rob Rusconi (Tres Consulting) assisted the Fund with the potential implementation of a cash flow matching strategy for pensioners. He made very complex issues understandable for trustees and his competence and skill was abundantly demonstrated in guiding the trustees through a mass of documentation and technical matters to eventually reach an outcome that would lay the foundation for a long term strategy. He has the ability to involve the trustees in such a manner that they become part and parcel of the solution. His integrity is above reproach and his honest and direct manner will be to the benefit to future prospective clients. Mike Faasen, Group Principal Officer.

Post Office retirement funds

Clients

“Pension savers have paid too much, for too long. It is time to put the saver first.” The UK government has capped the fees that may be charged to members of so-called “default” retirement funds. That country is introducing a system of auto-enrolment under which employees are required to save for their retirement a total of 7 percent of their salary, to which the government adds a further 1 percent. Members may opt out of this automatic enrolment, but early signs are that many of them are not doing so. Default retirement funds are the entities to which these contributions are to be directed. They need to meet a set of qualifying conditions. In return what amounts to a form of mandate on UK employees, the government has tightened the terms under which these funds may offer services to their members. And that’s where the charge cap comes in. It has been set at an annual limit of 0.75% of assets. This is tight, lower for example than any of South Africa’s actively managed unit trust funds and well below the corresponding charges under an RA in this country. “Over the next 10 years, the new charge cap will transfer £200m from the profits of the pension industry to the pockets of savers.” That’s a lot of money, surely food for thought for our policymakers.