FIMA bits and bites – significant changes from PFA (part 2)
The FIMA introduces significant changes from the Pension Funds Act to the retirement funds industry and all stakeholders.
New Principal Officer for Benchmark
The Board of Trustees resolved to appoint Mrs. Sophia Amoo-Chimunda as Principal Officer of the Benchmark Retirement from 1 July 2022.
FIMA bits and bites – late payment interest on contributions
RF.R.5.8 requires the fund (or rather its administrator) to allocate late payment interest paid by an employer for the late payment of contributions to the affected member’s record.