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e. None of the above. QUESTION 4 All three of the Default Regulations apply to which of the following funds? a. Pension and provident funds.
e. | None of the above. |
QUESTION 4
All three of the Default Regulations apply to which of the following funds?
a. | Pension and provident funds. | |
b. | Preservation funds. | |
c. | Retirement annuity funds. | |
d. | All of the above. | |
e. | None of the above. |
QUESTION 5
Which of these statements relating to Regulation 28 of the Pension Funds Act, 24 of 1956 are correct?
a. | Regulation 28 only applies to pension and provident funds. | |
b. | A fund must apply the principle of equity with regards to its investments. | |
c. | Any portion of a funds total assets associated with a specific member must comply with the Regulation 28 limits. | |
d. | A living annuity provided by an insurer is subject to the Regulation 28 limits. | |
e. | None of the above. |
QUESTION 6
Which of the following persons will qualify for consideration as a potential beneficiary of a members death benefit?
a. | A members estranged spouse. | |
b. | A members spouses child who lived with the member, if the spouse is unemployed and did not receive any maintenance from the childs other parent. | |
c. | A members child who is born 8 months after the members death. | |
d. | All of the above. | |
e. | None of the above. |
QUESTION 7
Which of the following statements relating to a funds investment policy statement is correct?
a. | The profitability of the assets of a fund is a key factor that should inform its investment policy statement. | |
b. | A fund should reflect in its investment policy statement how its general investment philosophy and objectives seek to ensure the sustainability of its assets. | |
c. | A funds investment policy statement should include how the fund intends to monitor and evaluate the ongoing sustainability of the asset which it owns and which it is intending to acquire, including the extent to which BEE factors have been considered by the fund. | |
d. | All of the above. | |
e. | None of the above. |
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