South Africa. FSCA puts retirement fund fees and returns under scrutiny
The regulator of pension funds, the Financial Sector Conduct Authority (FSCA), will implement a value framework to measure if the benefits and returns received by retirement funds members justify the fees paid to the funds. A value framework is a system designed to assess whether individual pension funds are delivering adequate value to their members, and can be codified in law. The announcement of a value framework was made by FSCA divisional executive for retirement funds supervision Zareena Camroodien, speaking at...
