Actuarial fights disciplinary action over NBK pay - News Summed Up

Actuarial fights disciplinary action over NBK pay


The court heard that soon after the disclosures, a malicious disciplinary claim against Mr Oketch by Forbes and Mr Raichura was filed in South Africa but was dismissed. Mr Oketch unearthed the underpayment of the former NBK employees when he testified before the Retirement Benefits Authority (RBA) appeals tribunal in 2012 on its request. In his evidence before the RBS Mr Oketch identified as illegal action by the trustees, Mr Raichura and Forbes which disenfranchised a large section of NBK employees. The court heard that soon after the disclosures, a malicious disciplinary claim against Mr Oketch by Forbes and Mr Raichura was filed in South Africa but was dismissed. The expert says Forbes and Mr Raichura intimidates other actuaries and does not want them being hired to offer expert services in pension matters.


Source: Daily Nation April 24, 2017 18:11 UTC



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