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Financial Sector Conduct Authority urges pension fund members to actively participate in complaint processes with employers failing to pay retirement contributions

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The Financial Sector Conduct Authority says about 4 000 employers have been failing to pay the retirement contributions of workers. According to the FSCA, approximately R7 billion in contributions remain unpaid, with companies lagging between 5 months and 252 months (21 years) in outstanding payments , and the figure covers the period up until July last year. Sakina Kamwendo spoke to Retirement Funds Conduct Supervision Manager at FSCA, Takalani Lukhaimane. 

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