The Financial Sector Conduct Authority (FSCA) published its report on the deregistration of inactive retirement funds at the end of March 2023. The project came about in 2007 after an estimated 13 000 funds were registered, with only half of them submitting annual financial statements. It appeared that some funds were dormant or inactive, prompting the then FSB and now FSCA, to launch a verification exercise. The report outlines developments and the findings of three independent investigations.
