To provide for the registration, incorporation, regulation and dissolution of pension funds and for matters incidental thereto.

Latest Developments:

Pension Funds Amendment Act, 31 of 2024 has updated and made amendments to:

Pension Funds Act 1956; and

Government Employees Pension Law, 1996

per Notice No. 5052, GG50968, dated 23 July 2024 – effective 1 September 2024, per Proclamation Notice 175, GG51122, dated 26 August 2024

Financial Sector and Deposit Insurance Levies (Administration) and Deposit Insurance Premiums Act, 2022 (Act No 12 of 2022), Schedule: Amendment of Laws: Section 4 has updated and made Amendments to:

Pension Funds Act 1956

Banks Act 1990

Mutual Banks Act 1993

Financial Advisory and Intermediary Services Act 2002; and

Financial Sector Regulation Act 2017,

as per Notice No. 1512, of GG47696, dated 9 December 2022

The Pension Funds Act, 1956 (Act No. 24 of 1956), has been updated with the Repeal of Regulation 33 of the Regulations published under Notice No. R.98 of 26 January 1962, as per Notice No. 2977 of GG47926 dated 27 January 2023.

The Pension Funds Act, 1956 (Act No. 24 of 1956), has been updated with Amendments to Regulation 28 of Notice R. 98 of 1962 – Effective 3 January 2023, per Notice No. 2230 of GG46649 dated 1 July 2022.

The Pension Funds Act, 1956 (Act No. 24 of 1956) has been amended Publication of FSCA Conduct Standard 4 of 2020(RF) – Minimum skills and Training Requirements for Board Members of Pension Funds, per Notice 760 of Gazette Number 43514 dated 10 July 2020.

The Pension Funds Act, 1956 (Act No. 24 of 1956) has been amended as per Schedule 4 of the Financial Sector Regulation Act, 2017. Gazette Number 41549 - Notice 169 dated 29 March 2018.

The Pension Funds Act, 1956 (Act No. 24 of 1956) has been amended by Amendments to the Regulations issued in terms of Section 36 of the Pension Funds Act, 1956 (Act No. 24 of 1956), Notice No. 863, Government Gazette 41064, dated 25 August 2017.

The Pension Funds Act, 1956, (Act No. 24 of 1956) has been amended by Financial Services Board Section 9A – Appointment of a Valuator, Government Gazette 38328, Board Notice 154 of 2014, dated 15 December 2014.

The Pension Funds Act, 1956 (Act No. 24 of 1956) has been amended by Prescribed Financial Statements Applicable to the Different Categories of Funds, Government Gazette 37844, Board Notice No. 77, dated 18 July 2014.

The Pension Funds Act, 1956, (Act No. 24 of 1956) has been amended by Valuation Exemption, Government Gazette 37720, Notice No. 59 of 2014, dated 6 June 2014.

The Pension Funds Act, 1956 (Act No. 24 of 1956) has been amended by the Financial Services Laws General Amendment Act, 2013. Government Gazette 37351 dated 18 February 2014.

The Pension Funds Act, 1956 (Act No 24 of 1956), has been amended by Board Notices, Notice on Report by a valuator in relation to a Statutory Actuarial Valuation, 2010, Board Notice No. 149 of 2010.

This Act has been added to the site, and amended up to and including Notice No. 397 in Government Gazette No. 33182 dated 12 May 2010.