4 000 employers are sitting on pension fund contributions, says FSCA - as it releases list
Naming and shaming employers who have not paid retirement fund contributions over into the retirement fund set up for their employees has been a"good move" that made several employers pay attention to their debt, the Financial Sector Conduct Authority says.
Astrid Ludin, the deputy commissioner at the FSCA told last week’s Pension Lawyers Association conference in Cape Town that more funds are reporting unpaid contributions and more employers are responding when contacted about what amounts to some R7 billion in unpaid contributions. In late March, the FSCA published its latest list of employers with outstanding contributions up to July last year. (To access the list, go to the South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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