Investec defames noseweek in confidential letter


Editor 'shocked and amazed' (yet again)!

For the past month all divisions of Investec have been fielding calls from brokers and clients demanding a response to our exposé (nose102) of the multi-billion rand pension fund rip-offs and other nasties at Investec Employee Benefits (IEB). The “confidential” letter sent to unhappy clients by Investec Asset Management (IAM) pretty well tells it all.

Like to see more ?


Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?


For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -
 
Submitted by : Charles Butler of Parkview on 2008-04-24 21:58:13
Its all obfuscation and fighting a guerilla war with very deep pockets - for as long as it suits Investec to keep the wolves at bay it will do so - Its not only Investec having a go at the pension funds, but their attorneys are charging their huge billing rates ultimately at the pension funds' expense as well. If I was a partner at their current firm of attorneys (who took the job over from another firm) I can just imagine them saying "if we pull this job we will have a pension for life! Investec will fight this to the end and we will do it for them." No doubt this will be the case for as long as their tactics succeed. Who was the yuppie partner seen in that nice Porsche Cayenne in their garage the other day? (was it financed by Investec or a pension fund?)

Disclaimer

While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.