The FSCA, National Treasury, and the Pension Funds Adjudicator tell MPs what they are doing to address the non-payment of retirement fund contributions. Regulatory interventions other than COFI may be in the offing.
A longer annexure of employers who have cleared their arrears or arranged to do so signals the effectiveness of the Authority’s ‘name and shame’ campaign.
The Mafube Local Municipality is accused of withholding nearly R38 million in employee retirement fund contributions.
Over half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
Deputy commissioner sets out the FSCA’s priorities for the supervision and regulation of the retirement industry.
The FSCA publishes its latest list naming thousands of entities that allegedly owe retirement fund contributions.
