{"id":862792,"date":"2026-08-21T04:24:12","date_gmt":"2026-08-21T04:24:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/862792\/"},"modified":"2026-08-21T04:24:12","modified_gmt":"2026-08-21T04:24:12","slug":"absa-takes-over-gepf-custody-what-pensioners-need-to-know","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/862792\/","title":{"rendered":"ABSA takes over GEPF custody: What pensioners need to know"},"content":{"rendered":"<p>JOHANNESBURG &#8211; Absa has taken over the safekeeping and administration of South Africa\u2019s largest pension fund.<\/p>\n<p>The bank is now the master custodian of the R3.5-trillion Government Employees\u2019 Pension Fund (GEPF).<\/p>\n<p>Absa said the change is mainly institutional and shouldn\u2019t affect members\u2019 or pensioners\u2019 daily experience.<\/p>\n<p>The new custody framework is expected to strengthen governance, transparency, and oversight of the Fund\u2019s assets.<\/p>\n<p>The GEPF serves over 1.2-million active members and 500,000 pensioners and beneficiaries.<\/p>\n<p>Standard Bank held the mandate for 30 years, starting at the GEPF\u2019s establishment in 1996.<\/p>\n<p class=\"text-align-center\">READ | <a href=\"https:\/\/www.enca.com\/news-top-stories-videos\/municipalities-among-worst-offenders-pension-contribution-crisis\" rel=\"nofollow noopener\" target=\"_blank\">Municipalities among worst offenders in pension contribution crisis<\/a><\/p>\n<p>Absa will now manage investment settlements, cash, reporting, and broader custody and governance functions.<\/p>\n","protected":false},"excerpt":{"rendered":"JOHANNESBURG &#8211; Absa has taken over the safekeeping and administration of South Africa\u2019s largest pension fund. The bank&hellip;\n","protected":false},"author":2,"featured_media":862793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":["post-862792","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-business","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/862792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=862792"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/862792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/862793"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=862792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=862792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=862792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}