Regulatory Alerts2018-03-31
PF Circular 71
The South African Financial Institutions Office mandates self-administered pension funds to submit a standardized valuator report on asset-liability matching alongside their statutory Section 16(1) actuarial valuation. Issued in conjunction with national actuarial societies, the circular provides a mandatory certification template and requires initial compliance for all funds investigated on or after 1 October 1989. Valuations that cannot be signed without qualification must explicitly detail any deficiencies in the fund's asset structure or liability matching procedures.
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