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Moneyweb reports that the application by the former deputy registrar of pension funds at the Financial Services Board (FSB), Rosemary Hunter, that the court should supervise an investigation into the cancellation of thousands of dormant pension funds by the FSB has been dismissed in the Pretoria High Court.
Hunter has for years been fighting to have the cancellations project more thoroughly scrutinised, as she believes that the process was flawed. She did not convince the court that it had the jurisdiction to “order the FSB and the Minister to perform a certain act in a certain manner and then to supervise compliance with the order”. The court however made no finding on whether or not Hunter was correct in her assessment that the cancellations project was either unlawful or mismanaged. Hunter said she was “deeply disappointed” by the judgment and would be considering applying for leave to appeal.
- Read this report by Patrick Cairns in full at Moneyweb
- Read too, Judge rules against Rosemary Hunter in FSB case, at BusinessLive
- And also, Where to now in the cancelled pension funds dispute? at Moneyweb
Get other news reports at the SA Labour News home page