Pension Transfers

South Africa

Home 2001 Submission Roger Wellsted Chief Actuary Case Study Who owns Surplus Regulation 15 Media Coverage Pension Fund Bill Reserve Value Defined Letter to Actuaries Liability

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Section 16 of the Pension Funds Act 24 of 1956

Section 16. Investigations by a valuator.-(1) Save as provided in section 17, a registered fund shall, once at least in every three years, cause its financial condition to be investigated and reported upon by a valuator, and shall deposit a copy of such a report with the registrar, and shall send a copy of such report or a summary thereof, prepared by the valuator in a form prescribed by regulation and signed by him, to every employer participating in the fund.

Link to Pension Funds Act .... including Regulation 15

...after Section 40 ... Regulations .... Part IV ... 15 Reports by valuator and statements of assets and liabilities ...

Link to Pension Funds Act