Good Governance

Today, the five motor industry retirement funds are separately registered as retirement funds with the Financial Sector Conduct Authority and the Pension Funds Act of 1956 and operate in compliance with the financial sector regulations, as well as the King Code of Governance.

The funds are all steered by the board and its specialist committees, comprised of committed and skilled trustees. They are administered by the Motor Industry Retirement Fund Administrators (MIFA) and the principal officer, who oversees and reports on the legal, financial, and regulatory requirements of the funds.