Rosemary Hunter, who paid a heavy price for blowing the whistle on the cancellation of thousands of dormant pension funds by the Financial Services Board (FSB) - now known as the Financial Sector Conduct Authority (FSCA) - says she feels vindicated by Liberty's recent admission that their deregistration was wrong. Liberty says it has begun reinstating them and locating beneficiaries. "This confirms the concerns I raised that the cancellation of these funds had not been conducted in a way that was protecting the interests of the funds and beneficiaries," Hunter says. Other retirement fund administrators should now follow suit, she says, because thousands of impoverished beneficiaries of these funds were left high and dry. One of the most respected and experienced employee benefits and pension fund lawyers in the country, Hunter was appointed deputy registrar of pension funds at the FSB by then minister of finance Pravin Gordhan in 2013. She found that at least 4,600 funds had been ca...
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