Conditions - Annexure G

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