I think that the poorly managed provident fund is one area,
perhaps the only one , where a concerted effort on our part
can bring about change . It should have pilot representatives
on board and proper administrators to ensure a better return .
At the moment it appears to be a bit of a scam , that,s not to
say that the "C" accounts have performed badly, in some cases
they have done very well this year . This however has not been
reflected in the performance of the other funds. It is time for a
shake up ,either a move to other managers or an increase in
avialable products with active management of same . Many
funds are a waste of money, but the charges incurred ; although
we are told there are no charges , are significant . The provident
fund itself is quite large in terms of market value and
would represent an interesting proposition for a good asset
management team . The bottom line is who,s money is it
anyway ? Anyone got any suggestions as to how we can
influence or change this state of affairs .