n Professional Accountant - Pension fund boards and the principal officer : pension funds

Abstract

Added duties have been placed on the board of a pension fund regarding the appointment and termination of the principal officer. The board is required to review the fitness and propriety of its principal officer annually. The board will then be required to advise the Registrar of Pension Funds of its findings on the fitness and propriety of the principal officer. The Registrar will then make a decision whether to allow the principal officer to continue to hold office. If removed from office, the principal officer can challenge the removal.