ROSEMARY Hunter, the combative head of pension funds at the Financial Services Board (FSB), has hit back at her boss, Dube Tshidi, in a court spat that appears to be becoming more ill-tempered by the day.In January, Hunter caused a sensation when she lodged court papers accusing Tshidi of “unlawful conduct” for trying to sabotage her probe into what happened to 4,500 SA pension funds holding assets with a possible value of R20bn.The background is when Hunter joined the FSB in 2013, she found her predecessor Jurgen Boyd had deregistered more than 4,500 pension funds, which appeared to have either been dormant or have no assets. But when Hunter dug deeper, she found many of those funds did actually have assets — so their cancellation was “unlawful”.The problem with prematurely cancelling these funds, she argued, is that not enough had been done to trace the real beneficiaries. So she halted the FSB’s “cancellations” project — a step which earned the ire of Tshidi and others at the FSB...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.