LETTER: Pension funds have named beneficiaries and liabilities
Blurring the strict regulation lines of pension funds will only lead to worse-off retirees
17 September 2020 - 14:14
Ndabe Mkhize’s employer, the Eskom Pension and Provident Fund, was established to manage the retirement savings for Eskom workers (“Institutional investors have financial might to change mindsets and investment patterns (https://www.businesslive.co.za/bd/opinion/2020-09-14-institutional-investors-have-financial-might-to-change-mindsets-and-investment-patterns/)”, September 14).
Like all other pension funds, there are named beneficiaries with legally equivalent liabilities. The fund is regulated by the Pension Funds Act, and remains accountable by testing its solvency every few years...
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