Regulatory Alerts2019-06-03
Rules of a Retirement Fund
The Retirement Funds Reviews and Authorisations Department issues this framework to standardize the establishment, amendment, and registration of retirement fund rules under South Africa’s Pension Funds Act. It mandates strict adherence to prescribed formatting and substantive content requirements, including membership eligibility, contribution structures, benefit calculations, and trustee governance. The guidance further clarifies the Registrar’s registration process by defining public interest standards and resolving judicial interpretations regarding whether amendments must merely avoid direct conflict with the Act or comply comprehensively with broader South African legislation.
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