Adjudicator questions compulsory membership of private security sector fund
The Pension Funds Adjudicator also says the conduct of retirement fund administrators during a transfer of administration should be regulated.
The Pension Funds Adjudicator also says the conduct of retirement fund administrators during a transfer of administration should be regulated.
FSCA has taken steps after considering the statutory manager’s report.
Statutory manager says N-e-FG Administrators transferred money to third parties without the required mandates.
The FSCA has appointed a statutory manager for N-e-FG Administrators (Pty) Ltd, saying it is concerned about N-e-FG’s failure to manage the funds it administers responsibly. It is also investigating N-e-FG’s conduct relating […]