Regulatory Alerts2018-03-31
PF Circular 72: Valuator Reporting Requirements for Underwritten Pension Fund Assets
The Office of the Pension Funds Administrator requires valuator reports for underwritten pension funds to explicitly assess the fund's asset structure and its adequacy in matching assets to liabilities. Developed jointly with South African actuarial organizations, this standardized reporting mandate applies to all non-exempt funds undergoing triennial valuations and must accompany the statutory valuation submission. Valuator statements must be unqualified or detail specific reasons for dissatisfaction, with initial compliance required by 1 November 1990.
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