MINING MAJOR

South Africa
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We have continued to assist a major mining house in the conversion of defined benefit pension arrangements to defined contribution. This has involved advising on employment law consequences, negotiation of terms of conversion with pension fund Trustees, drafting and settling agreements and related communications to fund members and other stakeholders, and compliance with pension fund regulatory requirements and registration. 

The matter is important because of its factual and legal complexity, because of the required engagement with multiple stakeholders, and because of the significant financial implications for the client.

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