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Netwerk24 reports that Rosemary Hunter, former deputy registrar of pension funds at the Financial Services Board (FSB), intends to appeal against the court ruling in her case relating to cancelled pension funds.
The High Court in Pretoria in December dismissed her application to require the FSB to conduct a thorough investigation into the cancellations of hundreds of dominant pension funds. Her predecessor cancelled the funds in the period from 2006 to 2013. They were regarded as “orphan funds” because they no longer had boards of trustees. Some were empty funds with no assets and others were dormant funds that did have assets. Hunter, the applicant in the case, argued that the funds were cancelled in an unlawful manner. She originally brought the case to gain access to two reports on investigations into the cancellations after they were withheld from her by the FSB. The judge criticised the withholding of the reports, but ruled that it was not within his powers to pronounce on the merits of the cancellations or to question the findings of the investigations as undertaken. (Loosely translated from Afrikaans)
- Read this report by Nellie Brand-Jonker in full in Afrikaans at Netwerk24
Get other news reports at the SA Labour News home page