Iscor Employees Umbrella Provident Fund

Iscor Employees Umbrella Provident Fund

Iscor Employees Umbrella Provident Fund was established in 2016. Soyisile Mokweni serves as Executive Chairman of the Board of Trustees and Investment Committee. The fund provides retirement benefits to eligible employees of participating South African companies. The fund holds positions in South African listed equities including Metair Investments and maintains exposure to collective investment schemes in property shares as well as an alternative assets portfolio that includes hedge funds. Allocations remain subject to Regulation 28 limits. Geographic focus stays within South Africa. Service providers include Coronation Asset Management, Ninety One, Alexander Forbes Investments, Brandywine Global, Hosking & Co, BNY Mellon, Northern Trust and Ernst & Young. The fund participates in the SAVCA Private Equity Conference and holds membership in the Asset Owners Forum of South Africa. NBC Fund Administration Services handles day-to-day administration. Governance rests with a trustee board that includes an executive chairman and external expert advisors. The structure separates participating employers from direct asset control.