n.— «As many as 40 of SA’s biggest retirement fund administrators may have illicitly earned interest income on the assets they control, the Financial Services Board told Parliament’s Finance Committee yesterday at a hearing concerning the industry practice of “bulking.”Between 20 and 30 pension fund administrators admitted to pooling fund assets to earn higher interest rates and incorrectly retained the extra benefits.» —“40 retirement fund administrators under a cloud” Legalbrief Today (Durban, South Africa) June 20, 2006. (source: Double-Tongued Dictionary)

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