Elements and Performance Criteria
- Assist trustees to devise investment objectives
- Assist trustees to devise investment strategy
- Portfolio benchmarks are developed for the investment strategy
- Investment strategy is developed in accordance with legislative and organisational requirements
- Products are selected so that defined financial objectives can be achieved
- Asset allocation/mix is determined so that investment objectives will be met
- Appropriate strategic variables are determined
- Assist trustees in the selection of investment services providers
- A range of performance criteria for service providers is established
- A preferred list of service providers is established
- Service providers are reviewed against established performance criteria to ensure the correct selection
- Suitable service providers are appointed that meet the established performance criteria
- Assist trustees to ensure regulatory limitations are adhered to
- Assist trustees to comply with investment reporting requirements
- Assist trustees to monitor investment service provider's activities
- Specialist advice is sought as identified and necessary (such as financial planners)
- Assets are allocated to investments (or investment dealers) in accordance with trustee's decisions
- Investment reports are analysed
- Fund results are reviewed against documented fund objectives and strategies
- Reallocation of assets is ensured according to results achieved/ or strategy direction
- Assist the trustee to monitor cash flow