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.
Private Security Sector Provident Fund
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Adjudicator calls out employer for abusing Covid contribution concession
Some employers have been deducting higher amounts from employees’ salaries while remitting a lower amount to the fund.
Statutory management of Private Security Sector Provident Fund to end
Trustees and principal officer commit to good governance in enforceable undertaking signed with the FSCA.
Behind the scenes of an FSCA investigation
Moonstone recently reported on the regulatory action the FSCA has taken against past and present trustees of the Private Security Sector Provident Fund (PSSPF) after concluding its three-year investigation into the board. For […]
FSCA takes action against Private Security Sector Provident Fund trustees
The FSCA is taking regulatory action against past and present trustees of the Private Security Sector Provident Fund (PSSPF) after concluding its three-year investigation into the board. In a statement, the FSCA said […]
Security guard who lost the use of his right arm doesn’t qualify for disability benefits
The Financial Services Tribunal (FST) has upheld a determination by the Pension Funds Adjudicator that a security guard who lost the use of his right arm following a shooting did not qualify for […]
Twin Peaks have failed us, says 3Sixty following provisional curatorship
The chief executive of 3Sixty Global Solutions Group, Khandani Msibi, has sharply criticised the FSCA and the Prudential Authority (PA) after 3Sixty Life was placed under provisional curatorship at the end of last […]
All employees in private security sector must belong to provident fund
All employees in the private security sector, irrespective of their job description, must become members of the Private Security Sector Provident Fund, and likewise all employers in the sector must participate in the […]
