History

Independent Trustee Services is a totally independent company established for the purpose of providing trustees, principal officers and other services to retirement funds.

Although the company was established in 2007, Independent Trustee Services exist from well before 2007 albeit in a different legal format.

We pride ourselves of the fact that we are experienced individuals totally independent from any service provider, highly qualified in fields ranging from pension law, investments, compliance, training and administration. We adhere to a code of conduct that ensures independence, quality service, responsibility and continuous education.

Liz Randles

Liz Randles obtained both the Post-Graduate Diploma in Financial Planning and the Advanced Post-Graduate Diploma in Financial Planning (Specialising in Employee Benefits) underwritten by the University of the Free State.

Liz has a BA degree from the University of South Africa (UNISA) and is currently studying through UNISA to complete a further degree.  She successfully completed a Foundation Management Course through the Gordon Institute of Business Science.

Liz has also attained a number of other formal and informal qualifications in the employee benefits field ranging from benefit design to investments.   Liz has a strong administrative and consulting background with more than 20 years of experience in the field. 

She has consulted to a number of large clients and has served as the principal consultant to the main board of various umbrella funds.    Liz was a director and shareholder of Tennant Benefit Consultants and has been employed in management positions with various administration houses and consulting firms.   

Henry Dul

Henry is regarded as an expert on retirement fund matters and regularly participates in industry forums addressing various aspects of retirement fund management

Henry studied law through the University of South Africa (UNISA) in 1986. During 1988 and 1995 he completed both the Life and Pensions examinations from the then Institute of Life and Pensions Advisors (now the prestigious Financial Planning Institute) underwritten by the University of the Free State, Henry has also attained a number of other formal and informal qualifications in fields ranging from marketing and sales management to investments. After a stint as a public prosecutor and magistrate Henry joined Sanlam during 1988 in the legal department of the broker services division. He was later transferred to the group benefits department as senior legal consultant where he progressed to the position of senior manager negotiated benefits market.

Henry recently (2016) published a manual for trustees - 'A Practical Guide for The Pension Fund Trustee' (AIM Books). 

Question 1. What is a trustee?

The Oxford Advanced Learner’s Dictionary of Current English defines a trustee as ‘a person who has charge of property in trust or of the business affairs of an institution’. So with regard to a retirement fund it is a member of the board that is in charge of the (business) affairs of the Fund.
To place this in perspective a director is defined in the same dictionary as ‘a person who manage the affairs of a business company’.

A trustee thus has similar responsibilities as a director of a company.

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