Compliance - Regulatory

Retirement fund ordered to explain investment management fee

A retirement annuity fund hasbeen ordered by the Pension Funds Adjudicator to explain in detail how a 1% management fee was calculated for an investment.

Onus is on the employee to check loan deductions are made

It is the duty of an employee to ensure that amounts are deducted from his salary to repay a housing loan granted in terms of the Pension Funds Act, says Pension Funds Adjudicator Muvhango Lukhaimane.

Illegal trading comes under pressure as the FSB flexes its muscles

While the end results of investments is largely unpredictable, there is a lot of thought and science which goes into analysing the markets and giving the public appropriate investment advice.

Ombuzz Issue 27: A change of health after the date of the application