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Circulars

​Interpretation Notes

PF Circulars

  • Active PF Circulars
    • Document Icon
      PF Circular 132.pdf
      PF CIRCULAR 132 - WITHDRAWAL OF PENSION FUND CIRCULARS
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      PF Circular 131.pdf
      PF CIRCULAR 131 - WITHDRAWAL OF PENSION FUND CIRCULARS
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      PF Circular 130.pdf
      CIRCULAR 130 - GOOD GOVERNANCE OF RETIREMENT FUNDS
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      PF Circular 130 AnnxA.doc
      PF CIRCULAR 130 - Annexure A to PF 130 - Guide to a Code of Conduct, declarations [WORD version]
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      PF Circular 130 Annx A.pdf
      CIRCULAR 130 - Annexure A to PF 130 - Guide to a Code of Conduct, declarations [PDF version]
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      PF Circular 130 AnnxB.pdf
      CIRCULAR 130 - Annexure B to PF 130 - Guide to an IPS/ Investment Policy Statement [PDF version]
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      PF Circular 130 Annx C.doc
      CIRCULAR 130 - Annexure C to PF 130 - Guide to Performance Appraisals [WORD version]
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      PF Circular 130 AnnxC.pdf
      CIRCULAR 130 - Annexure C to PF 130 - Guide to Performance Appraisals [PDF version]
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      PF Circular 129.pdf
      PF CIRCULAR 129 - PROCEEDS OF THE INVESTIGATION INTO SECRET PROFITS MADE BY A SERVICE PROVIDER OF A FUND
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      GeneralCircular.pdf
      SECRET PROFITS BY PENSION FUND ADMINISTRATORS
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      PF Circular 127.pdf
      CIRCULAR PF NO. 127 - SURPLUS SUBMISSIONS IN THE CASE OF: FULL SECTION 14 TRANSFERS, UNCLAIMED BENEFIT FUNDS AND FUNDS WITHOUT A PROPERLY CONSTITUTED BOARD OF MANAGEMENT
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      PF Circular 126 - Annexure A.DOC
      Annexure A - Annual Financial Statements
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      PF Circular 126.pdf
      CIRCULAR PF NO. 126 - RULES IN RESPECT OF UNCLAIMED BENEFITS.
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      Manual electronic submissions Magic.doc
      Manual electronic submissions Magic
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      PF Circular 117.pdf
      PF CIRCULAR 117 - VALUATION AT THE SURPLUS APPORTIONMENT DATE TO DETERMINE THE AMOUNT TO BE APPORTIONED BETWEEN STAKEHOLDERS, THE ESTABLISHMENT OF CONTINGENCY RESERVE ACCOUNTS AND CHANGES OF METHOD OR ASSUMPTIONS
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      PF Circular 110.pdf
      PF CIRCULAR 110 - PENSION FUNDS ACT, 1956, SECTION 13A, REGULATION 33 AND NOTICES BY THE MINISTER AND THE REGISTRAR
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      PF Circular 109.pdf
      PF CIRCULAR 109 - APPLICATIONS FOR RULE AMENDMENTS AND TRANSFERS RECEIVED BEFORE THE PENSION FUNDS SECOND AMENDMENT ACT, 39 OF 2001, CAME INTO OPERATION
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      PF Circular 108.pdf
      PF CIRCULAR 108 - PENSION FUNDS AMENDMENT ACT, 1997 (ACT 94 OF 1997), REGULATIONS AND NOTICES BY THE MINISTER AND THE REGISTRAR
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      PF Circular 107.pdf
      PF CIRCULAR 107 - ACCOUNTING FOR INVESTMENT IN THE RECORDS AND THE FINANCIAL RETURNS
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      PF Circular 106.pdf
      PF CIRCULAR 106 - PERSONAL ACCOUNT TRADING: FSB POSITION PAPER AND GUIDELINES
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      PF Circular 105.htm
      PF CIRCULAR 105 - RULE CHANGES ENABLING THE REPATRIATION OF SURPLUS ASSETS IN PENSION FUNDS TO PARTICIPATING EMPLOYER
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      PF Circular 103.pdf
      PF CIRCULAR 103 - PENSION FUNDS ACT, 1956 ("THE ACT"): AMENDMENTS TO LEGISLATION DEALING WITH INVESTMENTS OUTSIDE THE REPUBLIC
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      PF Circular 99.pdf
      PF CIRCULAR 99 - REPATRIATION OF SURPLUS TO PARTICIPATING EMPLOYERS REPATRIATION OF SURPLUS TO PARTICIPATING EMPLOYERS
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      PF Circular 98.pdf
      PF CIRCULAR 98 - GENERAL GUIDELINES ON BOARDS OF PENSION FUNDS AND THEIR OBJECTS AND DUTIES
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      PF Circular 96.htm
      PF CIRCULAR 96 - BOARDS OF MANAGEMENT
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      PF Circular 95.pdf
      PF CIRCULAR 95 - CENTRAL SECURITY DEPOSITORIES
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      PF Circular 93.pdf
      PF CIRCULAR 93 FINAL - PENSION FUNDS ACT, 1956: SECTION 5(3) AND 5(4) OF THE ACT: APPROVAL OF NOMINEE COMPANIES AND PERMISSION FOR ASSETS TO BE KEPT IN THE NAME OF SUCH NOMINEE COMPANIES ON BEHALF OF PENSION FUND (POLICY FILE 12/5/1/7/1)
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      PF Circular 92.pdf
      PF CIRCULAR 92 - PENSION FUNDS ACT, 1956: HOUSING LOAN ADMINISTRATION
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      PF Circular 90.pdf
      PF CIRCULAR 90 - MINIMUM INFORMATION TO BE DISCLOSED TO PENSIONERS, DEFERRED PENSIONERS AND DEPENDANTS OF DECEASED MEMBERS
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      PF Circular 89.pdf
      PF CIRCULAR 89 - REGULATION OF RETIREMENT FUND ADMINISTRATORS
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      PF Circular 88.pdf
      PF CIRCULAR 88 - PARTICIPATION BY SOUTH AFRICAN INSTITUTIONS IN THE SOUTH AFRICAN GOVERNMENT'S NEXT INTERNATIONAL BOND ISSUE
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      PF Circular 87.htm
      PF CIRCULAR 87 - REGULATION OF RETIREMENT FUND ADMINISTRATORS
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      PF Circular 86.pdf
      PF CIRCULAR 86 - DISCLOSURE REQUIREMENTS TO BE OBSERVED BY FUNDS
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      PF Circular 84.pdf
      PF CIRCULAR 84 - INVESTMENT IN UNIT TRUST SCHEMES
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      PF Circular 83.pdf
      PF CIRCULAR 83 - COMING INTO OPERATION OF CERTAIN SECTIONS OF ACT 83 OF 1992 AND ACT NO 104 OF 1993 AND PROMULGATION OF THE REGULATIONS
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      PF Circular 82.pdf
      PF CIRCULAR 82 - TO ALL PRIVATELY ADMINISTERED PENSION FUNDS AND INSURERS WHO UNDERWRITE PENSION FUNDS
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      PF Circular 81.pdf
      PF CIRCULAR 81 - RULE AMENDMENTS IN TERMS OF SECTION 12(2) AND CONSOLIDATED RULES IN TERMS OF SECTION 12(5) OF THE PENSION FUNDS ACT, 1956
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      PF Circular 80.pdf
      PF CIRCULAR 80 - PENSION FUNDS ACT, 1956: AMENDMENT OF REGULATIONS 28 AND 30
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      PF Circular 79.pdf
      PF CIRCULAR 79 - TO ALL SELF-ADMINISTERED PENSION FUNDS AND INSURERS WHO UNDERWRITE PENSION FUNDS
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      PF Circular 76.pdf
      PF CIRCULAR 76 - TO ALL INSURANCE WHO UNDERWRITE PENSION FUNDS VALUATION IN TERMS OF THE PENSION FUND ACT NO 24 OF 1956
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      PF Circular 75.pdf
      PF CIRCULAR 75 - PENSION FUND ACT, 1956: AMENDMENT OF REGULATION 28 UNDER THE ACT
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      PF Circular 72.pdf
      PF CIRCULAR 72 - PENSION FUNDS ACT, 1956: REPORT BY THE VALUATOR IN RESPECT OF THE INVESTMENT OF THE ASSETS OF UNDERWRITTEN PENSION FUNDS
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      PF Circular 71.pdf
      PF CIRCULAR 71 - PENSION FUNDS ACT, 1956: REPORT BY THE VALUATOR IN RESPECT OF THE INVESTMENT GUIDELINES IN TERMS OF REGULATION 28
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      PF Circular 70.pdf
      PF CIRCULAR 70 - PENSION FUNDS ACT, 1956: COMPLIANCE WITH REGULATION 28
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      PF Circular 69.pdf
      PF CIRCULAR 69 - FINANCIAL INSTITUTION AMENDMENT ACT, 1989 (ACT 53 OF 1989)
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      PF Circular 67.pdf
      PF CIRCULAR 67 - VALUATIONS IN TERMS OF THE PENSION FUNDS ACT, 1956
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      PF Circular 66.pdf
      PF CIRCULAR 66 - SECTION 18 OF THE PENSION FUNDS ACT, 1956: FUND NOT IN A SOUND FINANCIAL CONDITION
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      PF Circular 64.pdf
      PF CIRCULAR 64 - FINANCIAL INSTITUTIONS AMENDMENT ACT, NO 50 OF 1986
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      PF Circular 61.pdf
      PF CIRCULAR 61 - FINANCIAL INSTITUTIONS AMENDMENT ACT, NO 86 OF 1984
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      PF Circular 53.pdf
      PF CIRCULAR 53 - FIDELITY GUARANTEE INSURANCE
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      PF Circular 21.htm
      PF CIRCULAR 21 - BORROWING BY PENSION FUNDS
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      PF Circular 8.pdf
      PF CIRCULAR 8 - JUDGMENT RE FIDELITY COVER
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      PF Circular 5.pdf
      PF CIRCULAR 5 - FIDELITY GUARANTEE INSURANCE
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      PF Circular 3.pdf
      PF CIRCULAR 3 - FIDELITY GUARANTEE INSURANCE
  • Withdrawn PF Circulars
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      PF Circular 128 - Addendum.doc
      ADDENDUM - SURPLUS UTILISED IMPROPERLY
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      PF Circular 128.pdf
      PF CIRCULAR 128 - SURPLUS SCHEMES & SURPLUS UTILISED IMPROPERLY
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      PF Circular 125.pdf
      PF CIRCULAR 125 - USE OF EMPLOYER SURPLUS TO PREVENT JOB LOSSES SECTION 15J OF THE PENSION FUND ACT, ACT 24 OF 1956
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      PF Circular 124.pdf
      PF CIRCULAR 124 - SURPLUS & FUNDS REGISTERED AFTER 7 MARCH 2002
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      PF Circular 123.pdf
      PF CIRCULAR 123 - SECTION 14 FULL TRANSFERS & SURPLUS
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      PF Circular 122.pdf
      PF CIRCULAR 122 - CLARIFICATION OF ISSUES REGARDING THE APPLICATION OF REGULATION 36, APPLICATIONS FOR VALUATION EXEMPTION IN TERMS OF REGULATION 2.
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      PF Circular 121.pdf
      PF CIRCULAR 121 - GENERAL GUIDANCE ON SURPLUS SCHEMES
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      PF Circular 120.pdf
      PF CIRCULAR 120 - SECTION 14 OF THE PENSION FUND ACT (ACT 24 OF 1956) AMALGAMATION AND TRANSFERS
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      PF Circular 120 Forms.doc
      PF CIRCULAR 120 - FORMS
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      PF Circular 118.pdf
      PF CIRCULAR 118 - DISPOSITION OF AMOUNTS PAYABLE TO FORMER MEMBERS IN TERMS OF AN APPORTIONMENT SCHEME APPROVED BY THE REGISTRAR
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      PF Circular 116.pdf
      PF CIRCULAR 116 - TIMING OF THE FIRST STATUTORY MINIMUM PENSION INCREASE, PENSION LIABILITIES AT THE SURPLUS APPORTIONMENT DATE, AND SUBSEQUENT STATUTORY MINIMUM PENSION INCREASES
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      PF Circular 115.pdf
      PF CIRCULAR 115 - CLARIFICATION OF ISSUES REGARDING THE APPLICATION OF REGULATION 36, APPLICATIONS FOR VALUATION EXEMPTION INTERMS OF REGULATION 2, SMALL SURPLUSES AND DEFICITS
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      PF Circular 114.pdf
      PF CIRCULAR 114 - INFORMATION REQUIRED ON SUBMISSION OF A SURPLUS APPORTIONTMENT SCHEME
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      PF Circular 113.pdf
      PF CIRCULAR 113 - CLARIFICATION OF THE TREATMENT OF PAST SURPLUS UTILISED IMPROPERLY AS DEFINED IN SECTION 15B (6) OF THE PENSION FUNDS ACT, 1956
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      PF Circular 112.pdf
      PF CIRCULAR 112 - PRIMARY ENHANCEMENT IN RESPECT OF THE APPORTIONMENT OF ACTUARIAL SURPLUS REFERRED TO IN SECTION 15B (b) OF THE PENSION FUNDS ACT, 1956 (Act No. 24 of 1956)
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      PF Circular 111.pdf
      PF CIRCULAR 111 FINAL - VOLUNTARY DISSOLUTION OF A FUND IN TERMS OF SECTION 28 OF THE PENSION FUNDS ACT, 1956
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      PF Circular 104.pdf
      PF CIRCULAR 104 - UTILISATION BY RETIREMENT FUNDS OF THE FREE SHARES AQUIRED THROUGH DEMUTUALISATION
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      PF Circular 102.pdf
      PF CIRCULAR 102 - TRADING OFF-MARKET IN LISTED SECURITIES
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      PF Circular 101.pdf
      PF CIRCULAR 101 - TRADING OFF-MARKET IN LISTED SECURITIES REVISION TO TRANSFERS PREVIOUSLY APPROVED IN TERMS OF SECTION 14 OF THE PENSION FUNDS ACT, 1956
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      PF Circular 100.pdf
      PF CIRCULAR 100 - TRADING OFF-MARKET IN LISTED SECURITIES PURCHASE OF ANNUITIES ON THE RETIREMENT OF INDIVIDUAL MEMBERS
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      PF Circular 97.pdf
      PF CIRCULAR 97 - INVESTMENT RETURNS ACROSS THE PERIOD FROM THE EFFECTIVE DATE OF A TRANSFER IN TERMS OF SECTION 14 TO THE DATE OF PAYMENT
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      PF Circular 94.pdf
      PF CIRCULAR 94 - INFORMATION TECHNOLOGY: THE "YEAR 2000" CHALLENGE
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      PF Circular 91.pdf
      PF CIRCULAR 91 - PENSION FUNDS ACT, 1956: SUBMISSION OF FINANCIAL RETURNS AND VALUATION REPORTS
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      PF Circular 85.pdf
      PF CIRCULAR 85 - LEVIES PAYABLE TO THE FINANCIAL SERVICES BOARD: 1995/1996
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      PF Circular 78.pdf
      PF CIRCULAR 78 - SECTION 14 OF THE PENSION FUNDS ACT, 1956: AMALGAMATIONS AND TRANSFERS
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      PF Circular 77.pdf
      PF CIRCULAR 77 - PENSION FUNDS ACT, 1956: SUBMISSION OF RETURNS
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      PF Circular 74.pdf
      PF CIRCULAR 74 - PENSION FUND ACT, 1956: ("THE ACT") - SECTION 13A: ARREAR CONTRIBUTIONS
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      PF Circular 73.pdf
      PF CIRCULAR 73 - LEVIES BY THE FINANCIAL SERVICES BOARD
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      PF Circular 68.pdf
      PF CIRCULAR 68 - SECTION 14 OF THE PENSION FUNDS ACT, 1956: AMALGAMATIONS AND TRANSFERS
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      PF Circular 65.pdf
      PF CIRCULAR 65 - RECOGNITION OF KRUGERRANDS AS PRESCRIBED ASSETS
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      PF Circular 63.pdf
      PF CIRCULAR 63 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 62.pdf
      PF CIRCULAR 62 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 58.pdf
      PF CIRCULAR 58 - ARTIKEL 18 VAN DIE WET OP PENSIOENFONDSE, 1956:FONDS NIE IN N' GESONDE FINANCIALE TOESTAND NIE
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      PF Circular 56.pdf
      PF CIRCULAR 56 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 55.pdf
      PF CIRCULAR 55 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 54.pdf
      PF CIRCULAR 54 - APPROVAL IN TERMS OF SECTION 19(1)(h) AND 19(1)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 52.PDF
      PF CIRCULAR 52 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 51.pdf
      PF CIRCULAR 51 - TO ALL SELF ADMINISTERED PENSION FUNDS
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      PF Circular 50.pdf
      PF CIRCULAR 50 - APPROVAL IN TERMS OF SECTION 19(1)(h) AND 19(1)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 49.pdf
      PF CIRCULAR 49 - APPROVAL IN TERMS OF SECTION 19(1)(h) AND 19(l)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 48.pdf
      PF CIRCULAR 48 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 47.pdf
      PF CIRCULAR 47 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 46.pdf
      PF CIRCULAR 46 - APPROVAL IN TERMS OF SECTION 19(1)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 45.pdf
      PF CIRCULAR 45 - APPROVAL IN TERMS OF SECTION 19(1)(h) AND 19(l)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 43.pdf
      PF CIRCULAR 43 - APPROVAL IN TERMS OF SECTION 19(1)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 40.pdf
      PF CIRCULAR 40 - APPROVAL IN TERMS OF SECTION 19(1)(i) OF THE PENSION FUNDS ACT 1956
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      PF Circular 28.pdf
      PF CIRCULAR 28 - INVESTMENT IN FIXED PROPERTY THROUGH MANAGED PENSION FUND PARTNERSHIPS
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      PF Circular 25.pdf
      PF CIRCULAR 25 - APPROVAL IN TERMS OF SECTION 19(1)(h) OF THE PENSION FUNDS ACT 1956
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      PF Circular 24.pdf
      PF CIRCULAR 24 - NEGOTIABLE CERTIFICATES OF DEPOSITS (NCD)
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      PF Circular 23.pdf
      PF CIRCULAR 23 - INVESTMENT IN FIXED PROPERTY
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      PF Circular 7.pdf
      PF CIRCULAR 7 - PAYMENT OF PENSION BENEFITS TO DEPENDENTS OF BANTU MEMBERS
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      PF Circular 2.pdf
      PF CIRCULAR 2 - INVESTMENT OUTSIDE THE REPUBLIC

Information Circulars

General Circulars

Liquidation Reports

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