Rule · FSCA · 31 Mar 2018
Pension Fund Circulars 111, 113, 114, 115, 118, 120, 121, 122, 123, 124, 125 and 128 are withdrawn with immediate effect. The withdrawal applies to all approved administrators, privately administered funds and insurers who underwrite pension funds. The withdrawn circulars, issued between 4 July 2002 and 10 October 2006, covered voluntary dissolution of funds, treatment of past surplus utilised improperly, surplus apportionment schemes, regulation 36 and valuation exemption applications, transfers and amalgamations under section 14, and use of employer surplus to prevent job losses.
FINANCIAL SERVICES BOARD
Rigel Park 446 Rigel Avenue South Erasmusrand Pretoria 0181 South Africa PO Box 35655 Menlo Park Pretoria 0102 South Africa Tel +27 12 428 8000 Fax +27 12 347 0221 E-mail info@fsb.co.za Toll free 0800 110443 Internet http://www.fsb.co.za
| ENQUIRIES: | Alta Marais | D. DIALLING NO.: | 012 428 8065 |
|---|---|---|---|
| OUR REF: | 12/12/1 | FAX: | 012 347 0874 |
| DATE: | 21 July 2009 | E-MAIL: | altam@fsb.co.za |
To all approved administrators, privately administered funds and insurers who underwrite pension funds
CIRCULAR PF NO. 132
The following Pension Fund Circulars are hereby withdrawn with immediate effect:
| Circular PF No.: | Description | Date Issued |
|---|---|---|
| 111 | Voluntary Dissolution of a fund in terms of section 28 of the Pension Funds Act | 4 July 2002 |
| 113 | Clarification of the treatment of past surplus utilised improperly as defined in section 15B(6) of the Pension Funds Act | 24 April 2003 |
| 114 | Information required on submission of a surplus apportionment scheme | 28 June 2004 |
| 115 | Clarification of issues regarding the application of regulation 36, applications for valuation exemption in terms of regulation 2, small surpluses and deficits | 28 June 2004 |
Board Members AM Sithole (Chairperson) H Wilton (Deputy Chairperson) T Mokgabudi Prof M Ncube Z Bassa JV Mogadime M Phetla-Lekhethe J Cross Prof PJ Sutherland BM Hawksworth Executive Officer DP Tshidi
| 118 | Disposition of amounts payable to former members in terms of an apportionment scheme approved by the registrar | 28 June 2004 |
|---|---|---|
| 120 | Section 14 of the Pension funds Act (Act no. 24 of 1956) – Amalgamations and Transfers | 31 May 2005 |
| 121 | General Guidance on Surplus Schemes | 13 May 2005 |
| 122 | Clarification of issues regarding the application of Regulation 36, applications for valuation exemption in terms of Regulation 2, small surpluses and deficits in respect of bulk applications | 5 May 2005 |
| 123 | Section 14 – Full transfers & surplus | 12 July 2005 |
| 124 | Surplus & funds registered after 7 March 2002 | 2 November 2005 |
| 125 | Use of employer surplus to prevent job losses (section 15J of the Pension Funds Act) | 28 February 2006 |
| 128 | Surplus schemes & surplus utilised improperly | 10 October 2006 |
Yours sincerely
JA BOYD
FOR: REGISTRAR OF PENSION FUNDS
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“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 111”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 113”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 114”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 115”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 118”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 120”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 121”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 122”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 123”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 124”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 125”
“The following Pension Fund Circulars are hereby withdrawn with immediate effect: Circular PF No.: 128”
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