question 4 Delta (Pty) Ltd decided to join the Bright Umbrella Pension Fund, which is underwritten by Surething Insurers, for its employees. Which of the following statements are correct?

a) Delta (Pty) Ltd will have the right to elect 50% of the members of the board of trustees of the Bright Umbrella Pension Fund. b) Delta (Pty) Ltd must ensure that contributions are paid into the bank account of Surething Insurers by no later than seven days after the end of the month for which it is payable. c) The Bright Umbrella Pension Fund will be automatically exempt from submitting audited financial statements because it is an underwritten fund. d) The Bright Umbrella Pension Fund is an umbrella fund regulated by the Pension Funds Act and the Financial Advisory and Intermediary Services Act. e) None of the above.

question 6 Regulation 28 of the Pension Funds Act sets out the limits for investment in the different asset classes. Which of these limits are correct? i. Hedge funds 12% ii. Private equity funds 12% iii. Listed equities 75% iv. International assets 30% v. Property 15% Choose the correct option.

a) ii, iii and v.

b) i, ii, iii, iv and v.

c) ii, iii, iv and v.

d) i, iii and v.

e) None of the above