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Pension funds, employers to pay interest on late benefit payments – Windhoek Observer
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Pension funds, employers to pay interest on late benefit payments – Windhoek Observer
Justicia Shipena Retirement funds must now pay interest to members when there are delays in transferring benefits or paying contributions under new rules introduced through the Financial Institutions and Markets Act 2021 (Fima). The regulations were published in the government gazette on 30 April and came into effect on 1 May. Under the new rules, pension and retirement funds must pay interest if a member’s benefits are not transferred within 60…
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