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. 

<p>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. </p>

News and Current Affairs Show hosted by award winning presenter Sakina Kamwendo, live on weekdays from 12 noon to 1 pm on SAfm 104-107fm

Update@Noon

News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. 

<p>News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. </p>

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

Advertisement