What happens to the Satrix Retirement Plan (RA) in the event that First World Trader (Pty) Ltd (FWT) is liquidated?

The Satrix Retirement Plan (RA) fund is a legal entity in its own right and has no financial obligation to FWT.

 

The liquidation of FWT will not have a direct financial impact on the Satrix Retirement Plan (RA) Fund and the Satrix Retirement Plan (RA) Fund will not be listed as a creditor of FWT.

 

The Satrix Retirement Plan (RA) Fund will continue to operate as a retirement annuity fund in the event of the liquidation of FWT.

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