involved in the retirement funds in which they participate in various ways and in varying degrees. With the movement towards ensuring that members are educated about their rights and responsibilities as fund members, one of the issues that have come to the fore is how fund members can influence the investment decision of the funds in which they participate. As a direct consequence of this, the issue that also arises is what recourse a mem- ber has in the event that a member is unhappy with, or concerned about, an investment decision, particularly if that investment decision or the investment policy has resulted in poor returns for the fund.
Here we focus on occupational funds. These are funds in which members participate by virtue of being employees of the participating employer in the fund. Fund membership is usually compulsory and members can only exit the fund on