FSB can’t challenge the decision of appeal board
The appeal board established under the Financial Services Board Act overturned a decision made under section 14 of the Pension Fund Act by the Registrar of Pension Funds to permit a transfer of business by a pension fund. The court held that the registrar does not have legal standing to take the appeal board decision on review to the high court.
The registrar has the power and function of determining the amalgamation of pension funds and…