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Risk identification in practice. Jurgen Boyd Registrar of Pension Funds FSB South Africa 5 May 2011. Supervisory Landscape. Number of active funds = 3 177 Number of Administrators = 309 Number of members = 10 Million Asset value = $171 Billion. Significant Features.
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Risk identification in practice Jurgen Boyd Registrar of Pension Funds FSB South Africa 5 May 2011
Supervisory Landscape • Number of active funds = 3 177 • Number of Administrators = 309 • Number of members = 10 Million • Asset value = $171 Billion
Significant Features • The Board of Fund of retirement funds should comprise of at least 4 members • At least 50% of the board members must be elected by members • 95% of funds are DC and the majority are occupational funds • No preservation or compulsion