A valuation was performed as at and the valuator reported that the fund was in a sound <insert date> financial position, and that the present rates of contributions are adequate to enable the fund to provide the benefits to which members are entitled. REPORT OF THE BOARD OF TRUSTEES - CONTINUED For the period ended ….. HOUSING LOAN FACILITIES / HOME LOAN GUARANTEES Loans and guarantees to members were granted in terms of rule and the provisions of <insert rule no> Section 19(5) of the Pension Funds Act in Namibia, and are secured by withdrawal benefits and/or members’ mortgage bonds. AND/OR <User defined paragraph giving details of the home loan guarantees> INVESTMENTS IN PARTICIPATING EMPLOYERS The fund holds no direct investments in the participating employer. OR <Insert detail pertaining to investments in participating employer> Details of investments held in participating employers are provided in note to the financial <insert note no> statements. The Registrar of Pension Funds has approved investments exceeding 5%, but not 10% of the fair value of the investments. fund’s SIGNIFICANT MATTERS <Insert detail of any significant matters> Examples: Change of name On the fund changed its name from to <insert date> ……………… ……………….. Section 14 transfer to xxx: The fund is in the process of applying for a Section 14 transfer to with effect from <Fund name> <insert The Section 14 transfer application was submitted to the Registrar on The value of the date>. <insert date>. Section 14 transfer was N$ xxx as at the end of the financial period. 8. SUBSEQUENT EVENTS <Insert description of any material occurrences affecting the financial position of the fund subsequent to the end of the current period> Examples: Subsequent to the end of the current period the fair value of investments decreased by N$X. This devaluation of x% in the investment portfolio has not been accounted for in the annual financial statements. Rule amendment <insert rule number> was approved by the Registrar after year end on <insert date> which allows for the following: xxxxxx Subsequent to year end the investment strategy changed to incorporate the following: fund’s xxxxxx STATEMENT OF NET ASSETS AND FUNDS At ….. Notes Current period Previous period N$ N$ ASSETS Non-current assets Property, plant and equipment 1 Investments 2 (including investment and owner occupied properties)
A valuation was performed as at <insert date> and the valuator reported that the fund was in a sound financial position, and that the present rates of contributions are adequate to enable the fund to provide the benefits to which members are entitled. REPORT OF THE BOARD OF TRUSTEES - CONTINUED For the period ended ….. HOUSING LOAN FACILITIES / HOME LOAN GUARANTEES Loans and guarantees to members were granted in terms of rule <insert rule no> and the provisions of Section 19(5) of the Pension Funds Act in Namibia, and are secured by members’ withdrawal benefits and/or mortgage bonds. AND/OR <User defined paragraph giving details of the home loan guarantees> INVESTMENTS IN PARTICIPATING EMPLOYERS The fund holds no direct investments in the participating employer. OR <Insert detail pertaining to investments in participating employer> Details of investments held in participating employers are provided in note <insert note no> to the financial statements. The Registrar of Pension Funds has approved investments exceeding 5%, but not 10% of the fair value of the fund’s investments. SIGNIFICANT MATTERS <Insert detail of any significant matters> Examples: Change of name On <insert date> the fund changed its name from ……………… to ……………….. Section 14 transfer to xxx: The fund is in the process of applying for a Section 14 transfer to <Fund name> with effect from <insert date>. The Section 14 transfer application was submitted to the Registrar on <insert date>. The value of the Section 14 transfer was N$ xxx as at the end of the financial period. 8. SUBSEQUENT EVENTS <Insert description of any material occurrences affecting the financial position of the fund subsequent to the end of the current period> Examples: Subsequent to the end of the current period the fair value of investments decreased by N$X. This devaluation of x% in the investment portfolio has not been accounted for in the annual financial statements. Rule amendment <insert rule number> was approved by the Registrar after year end on <insert date> which allows for the following: xxxxxx Subsequent to year end the fund’s investment strategy changed to incorporate the following: xxxxxx STATEMENT OF NET ASSETS AND FUNDS At ….. Notes Current period N$ Previous period N$ ASSETS Non-current assets Property, plant and equipment 1 Investments (including investment and owner occupied properties) 2
2014%2007%2029%20circular%202014%2004%20Annexure%20to%20guideline%20annual%20financial%20statements%20%20(Incorporating%20Regulatory%20Reports)%20for%20retirement%20funds.docx