Regulatory Alerts2017-04-07
Pension Funds Act 24 of 1956
The financial regulator issued Act 24 of 1956 to require comprehensive governance, funding, and investment standards for pension funds. It mandates strict fiduciary duties, regular actuarial valuations, and transparent reporting to safeguard member benefits. Updated in October 2024, the regulation continues to enforce compliance through periodic audits and standardized reporting frameworks.
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