Tribunal considers the FSCA’s powers when exempting a retirement fund from a valuation
Is the FSCA obliged to grant an exemption if a fund has met all the conditions set out in Board Notice 59 of 2014?
Muvhango Lukhaimane will also consult with trustees on guidelines for naming and shaming problematic funds, administrators, and employers.
Is the FSCA obliged to grant an exemption if a fund has met all the conditions set out in Board Notice 59 of 2014?
The Minister of Finance will have to submit the increase to Parliament for approval because it exceeds the Consumer Price Index.
The FSCA plans to release the remaining modules in March 2024.
The document lists 3 262 employers that are at least four months in arrears – and the worst offenders are 20 years behind.
A trustee must attain TKK certification within six months from the date of appointment or election to the board.
Interpretation Ruling 1 of 2020 incorrectly brought an unclaimed benefit within the ambit of section 37C of the Pension Funds Act.
One amendment will affect inter-fund transfers by members who have reached normal retirement age but who have opted not to retire.
The decision clarifies the application of an amended rule to the calculation of a withdrawal benefit that accrued before the amendment was approved and registered.
The FSCA publishes its updated regulatory agenda for the next three years.
What you should know about reporting, calculating penalty interest, the in duplum rule, and the employer’s liability.
Collective agreements dealing with retirement funds must be concluded with reference not only to employment laws but also the Pension Funds Act.
The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.
The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.
The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
The FSCA has published a conduct standard setting out the conditions for retirement funds to invest in derivatives.
Exemption is the last opportunity to rectify the error, National Treasury says.
PwC survey finds that 74% of funds are now paying some or all their board members, up from 47% in 2020.