DStv Channel 403 Wednesday, 04 December 2024

Discussion | Employers accused of stealing workers' pensions

JOHANNESBURG - There are concerns over the large number of employers not paying over pension fund contributions.

These monies are collected from workers but used to cover operational costs.

The Financial Sector Conduct Authority says this amounts to theft and fraud, that will leave pensioners in serious trouble.

It's now resorted to naming and shaming the culprits.

Astrid Ludin, deputy commissioner at the FSCA, has more on this.

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