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Stand-alone fund administration

This quarterly news update contains valuable information for board of trustees, employers, intermediaries and other stakeholders in the stand-alone retirement fund space.

Administration Updates

Legal Focus

Withholding a member’s retirement fund benefit or making a deduction from such a benefit should be referred to the Board for careful consideration and a decision.

An alternative to in-fund preservation

When an employee leaves their place of employment (but does not retire), it is important to give them every opportunity to preserve their retirement savings.

News and Information

The FSCA update on the draft Conduct Standard

The Financial Sector Conduct Authority (FSCA) on 15 February 2022 advised that a draft Conduct Standard on the payment of retirement fund contributions, together with supporting documentation, was submitted to Parliament on 8 December 2021