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Latest News
R300m a year: the price tag of administering the two-pot system
Retirement fund administrators estimate the two-pot system will add R300 million a year to the cost of administering funds, says FSCA deputy commissioner Astrid Ludin. The FSCA, the Pension Funds Adjudicator, and National Treasury on Tuesday briefed the National Assembly’s...
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Arrear contributions: FSCA publishes third list of defaulting employers
The latest list names employers that were allegedly non-compliant with section 13A of the Pension Funds Act (PFA) at the end of December 2023. The 109-page document names about 2 800 entities, which are listed according to the period for...
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FSCA publishes second Integrated Report
The 2023/24 Integrated Report of the Financial Sector Conduct Authority (FSCA) has been successfully tabled in Parliament. The report gives an overview of the FSCA’s performance, covering the period from 1 April 2023 to 31 March 2024. It outlines how...
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FSCA publishes ‘two pots’ guidance for defined-benefit funds
The FSCA has published a “best practice” guidance on how retirement funds should apply the two-pot retirement system to defined-benefit (DB) members, or to defined-contribution (DC) members who have a DB underpin at retirement.
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Communication 27...
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Call to participate in Money Smart Week
National Treasury, the Financial Sector Conduct Authority (FSCA) and the National Consumer Financial Education Committee (NCFEC) has called on organisations and individuals to participate in the Money Smart Week South Africa (MSWSA) 2024 campaign. The 2024 edition of MSWSA will...
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FSCA warns youth of gambling risks during youth month
The Financial Sector Conduct Authority (FSCA) is using Youth Month as an opportunity to caution young people about the dangers of gambling. The FSCA emphasizes that gambling can lead to addiction and have devastating financial consequences for families.
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Publication of names of pension funds and employers with arrear contributions
The FSCA has published a list of employers in arrears for retirement fund contributions. The communication provides the names of employers that contravened section 13A of the Pension Funds Act, 1956 (PFA) which prescribes the manner in which the payment...
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FSCA confirms list of currently approved crypto asset service providers
The Financial Sector Conduct Authority (FSCA) has noted various statements in the media by certain institutions indicating they are the first or only institutions currently licensed as crypto asset service providers (CASPs) under the Financial Advisory and Intermediary Services (FAIS) Act, No. 37...
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