Regulatory Alerts2018-03-31
Added · Updated
Information Circular PF 1 of 2013: Withdrawal of Information Circular No. 8 of 2008
The South African Financial Services Board has immediately withdrawn Information Circular No. 8 of 2008, which previously detailed payment methods for surplus benefits arising from Registrar-approved section 15B apportionment schemes. This withdrawal formally removes the outdated procedural guidance for pension fund surplus distributions. Regulated pension funds must discontinue using the withdrawn circular and adhere to current statutory provisions for surplus benefit payments.
FINANCIAL SERVICES BOARD
Riverwalk Office Park Block B 41 Matroosberg Road Ashlea Gardens Extension 6
Pretoria South Africa 0081 PO Box 35655 Menlo Park Pretoria South Africa 0102
Tel +27 12 428 8000 Fax +27 12 346 6941 E-mail info@fsb.co.za
Toll free 0800 110443/0800 202087 Website: www.fsb.co.za
| ENQUIRIES: | Alta Marais | D. DIALLING NO.: | 0124288065 |
|---|---|---|---|
| OUR REF: | 12/12/1 | FAX: | 0123466510 |
| DATE: | 18 March 2013 | E-MAIL: | alta.marais@fsb.co.za |
INFORMATION CIRCULAR PF NO. 1 OF 2013
WITHDRAWAL OF INFORMATION CIRCULAR NO. 8 OF 2008
Information Circular No. 8 of 2008, dealing with the method of payment of surplus benefits as a result of the Registrar’s approval of a surplus apportionment scheme in terms of section 15B, is hereby withdrawn with immediate effect.
Yours sincerely
JA BOYD
FOR: REGISTRAR OF PENSION FUNDS
Board Members: AM Sithole (Chairperson) H Wilton (Deputy Chairperson) Z Bassa JV Mogadime
Prof PJ Sutherland FE Groepe D Turpin HMH Ratshefola D Msomi I Momoniat O Makhubela (Alternate)
Executive Officer: DP Tshidi
SABS
ISO 9001
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