South Africa: Breaking the golden egg – The pitfalls of written admissions in section 37D of the Pensions Fund Act

The protection of pension fund assets against credits has been a topic of debate in several countries.  The ultimate risk faced by pension fund members and pension fund beneficiaries is the loss of retirement income.  As a general rule, most countries have legislative means which seek to protect pension fund members’ benefits.  Accordingly, South Africa is no exception to the general global trend….

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