Managing Your Fund

Who manages the Fund?

Thacsa is a separate legal entity from your employer. In that way your retirement savings – and those of all the other members – are completely safe, irrespective of what happens to your employer’s business.

The Fund is set up and operated in terms of the Pension Funds Act. Every aspect, including benefit entitlements, are defined in the Rules of the Fund. All of which must be approved by the Financial Sector Conduct Authority (FSCA), an independent regulating authority.

Rules of the Fund

Click here to download the Rules of the Fund
Amendment 1
Amendment 2
Amendment 3
 Amendment 4
 Amendment 5

Fund governance

In addition to the Rules there are numerous other regulating, governance and legislative requirements to assist in the proper and effective management of your retirement savings. The links below can provide more information for you:
The Pensions Fund Act
Regulations to the Act
The Financial Services Board
Pension Funds Circulars
The Income Tax Act 1962
The Divorce Act
The Pension Fund Adjudicator

Financial statements

The Fund produces annual financial statements at the end of its financial year, click on any of the links below to download that year’s report.
Financial statements for the year ending 31 December 2018
Financial statement for year ending 31 December 2017
Financial statement for year ending 31 December 2016 Part 1 Part 2
Financial statement for year ending 31 December 2015 Part1 Part2
Financial statement for year ending 31 December 2014
Financial statement for year ending 31 December 2013

Thacsa Service Providers

Administrators: Momentum Retirement Administrators
Actuarial Services: Arch Actuarial Consulting
Death GLA: Sanlam
Funeral: Sanlam
Disability: Sanlam
Investment Advisors: WillisTowersWatson
Communications: Imbongi Communications
Beneficiary Funds: Absa Trust
Bankers: Nedbank
Auditors: PriceWaterhouseCoopers
Housing Loans: Standard Bank
Investment Managers: Allan Gray, Investec, Momentum, Coronation.