Regulatory Alerts2018-04-01
Mitchell Cotts Pension Fund Actuarial Valuation
Fifth Quadrant Actuaries & Consultants issued this statutory actuarial valuation for the Mitchell Cotts Pension Fund to assess its financial position following liquidation and the recovery of illegally transferred assets. The report calculates an actuarial surplus of R34.78 million as of February 2009, incorporating discounted post-valuation recoveries, improper surplus repayments, and strengthened solvency reserves. With no active members remaining, the valuation confirms that no further employer contributions are required and recommends the future purchase of pensions from a registered insurer to fully match the fund's liabilities.
Share