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 statement for year ending 31 December 2019
Financial statement for 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. |
