There are various bodies that either govern the manner in which retirement and pension funds are administrated with the aim of protecting the contributions. These bodies are there to protect you as a contributor to a fund and to govern the manner in which fund administrators conduct themselves. You, as a contributor to a pension fund or any retirement fund, financial product or service have access to these bodies.
Institute of Retirement funds (IRF)
The IRF is not a political body whose objective is to promote the retirement industry and to benefit the retirement fund members.
The IRF represents the retirement industry in government level negotiations and the FSB in particular on matters concerning legislation and retirement taxation. Read more >>
Financial Services board (FSB)
The FSB is an independent board whose function it is to oversee the Financial services industry in a non banking environment with the objective of creating a sound investment environment.
All financial products and services companies need to be members of the FSB, which membership ensures that the principles and ethics of giving sound financial advice and offering investment and financial products and services. Read more >>
Pension funds adjudicator (PFA)
The PFA’s sole purpose is to assist in the resolution of disputes that may arise and to resolve these disputes as expeditiously and economically as possible. The PFA investigates and determines complaints of abuse of power, maladministration, disputes of fact or law and employer dereliction of duty in respect of pension funds. Read more >>
The Pension Funds Act
The pension funds act provides for the registration, incorporation, regulation and dissolution of pension funds and for matters incidental thereto. Read more >>