Conditions - Annexure G

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Effective contributionmanagement10, 16 Administrator has adequate segregationof duties between the receipt andprocessing of contribution transactionsAdministrator ensures that contributionsare administered in terms of the relevantlegislationAdministrator ensures that contributionsare valid, accurate and completeEffective investmentmanagement1212All funds administered by theadministrator have current investmentmandates between the fund and theasset/investment administratorsAdministrators ensure that investmentsand disinvestments are valid, accurateand complete12Administrator invests cash/transfersassets in terms of service levelagreement. (timing as well as investing interms of mandates)14
Effective member recordkeeping11, 13 Administrator must have policies andprocedures in place to ensure accurateand timely reconciliations betweenadministration systems and accountingrecords. (investments, benefits,withdrawals, contributions, housingloans, property, plant and equipment,s14’s, membership etc)Effective incomeadministration16(g)Administrator ensures that memberrecords are updated in a timely andaccurate manner and that the recordsare valid and completeFeesAdministrator levies fees in accordancewith administration agreement(administrator not taking more than whatis due and disclosing fully)Effective benefitadministration14 BenefitsBenefits paid in terms of the Act and therules of the fund and there is segregationof duties between the capturing andpaying of the benefit.15
Page 1 and 2: ANNEXURE GMANAGEMENT REPRESENTATION
Page 3: 8. We conducted the business within
Page 6 and 7: Control Environment: The control en
Page 8 and 9: Management’sphilosophy and operat
Page 10 and 11: Risk Assessment: Every entity faces
Page 12 and 13: Control Activities: Control activit
Page 16 and 17: Effective general ITcontrol16(e), 2
Page 18 and 19: esponsibilities and significant mat
Page 20 and 21: Information andcommunication withex
Page 22 and 23: organisation. Thisrepresents the
Page 24 and 25: and data (Security)controls(The pro

Conditions - Annexure G

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