News24 | R6bn in mismanaged pensions: Municipal, security and transport workers lose out as employers fail to transfer contributions
Sunday, 28 April 2024 ()
Every month, thousands of employers countrywide fail to transfer their employees’ pension fund contributions to the retirement funds. The outstanding payments amount to at least R6 billion, says the Financial Sector Conduct Authority (FSCA) in a new report.
Every month, thousands of employers countrywide fail to transfer their employees’ pension fund contributions to the retirement funds. The outstanding payments amount to at least R6 billion, says the Financial Sector Conduct Authority (FSCA) in a new report.
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