Board Notices > Notice on the Appointment of a Valuator, 2014 > Annexures > Annexure B : Declaration by the appointed valuator

ANNEXURE B

DECLARATION BY THE APPOINTED VALUATOR

IN TERMS OF SECTION 9A(2), READ WITH SECTIONS 8(3; Ind 8(5),

OF THE PENSION FUNDS ACT, 1956

I, ... (insert full name of valuator), have been appoint as valuator to the ... Fund (12/8/...) (insert fund name and registration number), with effect from ... (insert date).

I hereby declare that:—

1.	I am recognised by the registrar of pension funds as a valuator for defined contribution or defined contribution and defined benefit (delete whichever is not applicable) categories of retirement funds.

2.	I hold a valid practicing certificate issued by the Actuarial Society of South Africa for the categories of retirement funds as indicated above, which practicing certificate expires on ... (insert date).

If the practicing certificate expires during the tenure of my appointment as valuator to the fund, I will apply for renewal of recognition as a valuator in time to ensure continuity in the registrar's recognising me as a valuator and if I fail to renew my recognition as valuator, or if the registrar of pension funds does not recognise me as a valuator upon application for renewal, I will notify the fund of this outcome and terminate my appointment as valuator to the fund.

4.	I am / or my employer is (delete whichever is not applicable) covered under an insurance policy for Professional Indemnity Insurance and Fidelity Insurance, and attach proof to such extent as an annexure to this declaration.

5.	I am resident in the Republic of South Africa.

I last submitted an affidavit dated ... (insert date), in the prescribed format of Annexure D to the Notice on the appointment of a Valuator, 2014, to the registrar of pension funds in recognition of me being a valuator and I confirm that all particulars relating to the affidavit remain accurate. Where any particulars of the affidavit are no longer accurate, full details are provided below (delete if not applicable):

......................................................................................................................................

I believe that it is appropriate to appoint me as valuator to the fund, based on my qualifications, retirement fund experience and previous conduct and activities in business or financial matters. I thus accept this appointment with effect from ... (insert date of commencement as valuator to the fund).

8.	I am aware that as valuator, I would be required to report the following to the registrar:

(a)

In terms of section 8(6)(a), I must within 21 days of my appointment being terminated, other than where the appointment is terminated as a result of the registrar objecting to my appointment in terms of section 8(5)(b), submit a written report to the registrar detailing my perceived reasons as valuator for such termination; and

(b)	Section 8(6)(b) requires that where I become aware of any matter relating to the affairs of the pension fund which, in my opinion, may prejudice the fund or its members, I must inform the registrar of this in writing.


VALUATOR		DATE

Pension Funds Act, 1956 (Act No 24 of 1956)

Board Notices

Notice on the Appointment of a Valuator, 2014

Annexures

Annexure B : Declaration by the appointed valuator