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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.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe 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 […]