Regulatory Alerts2020-06-08
FSCA Draft Conduct Standard on Communication of Benefit Projections to Pension Fund Members
The Financial Sector Conduct Authority (FSCA) has published a draft Conduct Standard mandating pension fund administrators to clearly communicate benefit projections to members. Issued under the Financial Sector Regulation Act and Pension Funds Act, the standard establishes specific disclosure requirements to ensure members receive accurate and timely projection information. Interested parties may submit written comments on the draft standard, supporting statement, and comment template to the FSCA by 31 July 2020.
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