RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

2.6.2.4 Calculate the number of days taken to process the switch using the following: • Date of receipt of the member’s instruction by the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) noted in procedure 2.6.2.1.

All items were processed within the 30-day mandate; it’s confirmed that each switch in the sample was executed efficiently and in compliance with the specified timeframe.

• Date when the switch was processed by the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) noted in procedure 2.6.2.2.

2.6.2.5 Agree the number of days taken to process the switch per procedure 2.6.2.4 with the number of days in terms per the service level agreement / client mandate between the administrator and the Fund in procedure 2.6.1. Note any differences in timing where the number of days taken to process the switch is greater than the terms per the service level agreement / client mandate between the administrator and the Fund.

All items were processed within the 30-day mandate, it’s confirmed that each switch in the sample was executed efficiently and in compliance with the specified timeframe.

Lifestage switches Obtain the Fund’s lifestage investment strategy from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant).

Lifestage switches Not applicable, as there were no lifestage switches noted in the sample selected in procedure 2.6.

2.6.3

2.6.3.1 For lifestage switches included in the sample selected in procedure 2.6, perform the following procedures:

Not applicable, as there were no Lifestage switches noted in the sample selected in procedure 2.6.

2.6.3.2 Inspect the member’s fund credit

Not applicable

transactions on the administration system obtained from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and note the following details about the lifestage switch: • Date when the lifestage switch was processed by the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant); and • Investment portfolios switched into.

2.6.3.3 Agree the investment portfolios switched into and noted in procedure 2.6.3.2 to the Fund’s lifestage investment strategy obtained in procedure 2.6.3.

Not applicable

68 Rand Water Provident Fund Annual Report | 2022-2023