LITIGATION
Court dismisses Rosemary Hunter’s case against FSB
The judge rules Hunter failed to adequately set out her cause of action in acrimonious litigation rooted in ‘employment issues’
Both the Financial Services Board (FSB) and its former deputy pension funds registrar Rosemary Hunter came in for some flak on Wednesday for their handling of the litigation surrounding the FSB’s controversial cancellations project. Hunter, whose contract with the FSB expired in July, took her then-employer to court in January. She sought to obtain access to two reports investigating the manner in which the registrations of more than 4,600 pension funds — that were "orphaned" as they did not have a board of trustees, or were shells lacking assets and liabilities — were cancelled. She had initially raised the alarm with the FSB, saying it appeared the cancellations were conducted outside the powers of the registrar of pension funds. The board of the regulator commissioned retired judge Kate O’Regan to investigate the matter, but O’Regan asked for a forensic audit to complete her report. KPMG was duly appointed to conduct the audit.
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