Regulatory Alerts2024-03-26
FSCA Communication 10 of 2024 (RF): Publication of Names of Pension Funds and Employers with Arrear Contributions
The Financial Sector Conduct Authority published this communication to disclose the names of pension funds and employers contravening section 13A(3)(a) of the Pension Funds Act regarding delayed or unpaid contributions. The document details three annexures listing initial defaulters, employers who have subsequently settled their obligations or established payment arrangements, and corrected entries. Furthermore, the Authority mandates that pension funds maintain accurate records of arrear contribution reports and will continue publishing quarterly lists of non-compliant employers to protect fund members and ensure regulatory compliance.
Share