Regulatory Alerts2018-03-31
PF Circular 130 Annex A: Retirement Fund Code of Conduct for Trustees and Principal Officers
Issued by the Registrar of Pension Funds, this template establishes a mandatory Code of Conduct for retirement fund trustees and principal officers to standardize fiduciary duties, governance practices, and conflict of interest management. It requires trustees to act independently, maintain optimal benefit delivery with minimal risk, oversee service providers, and implement formal risk and investment policies. The document further mandates annual interest declarations, a strict gifts policy with a R100 disclosure threshold, and structured communication protocols to ensure transparency and accountability to beneficiaries, employers, and regulators.
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