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IconRETIREMENT FUND GOVERNANCE

Old Mutual Actuaries and Consultants Presentation on PF 130

The effect of FSB Circular PF 130 on Retirement Fund Governance

 
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From The Glossary »

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Run Off:

The development in aggregate money values of a group of claims in respect of a particular class of business to their final settlement. Claims may be grouped by accident year or by policy year. The term is also used to denote the progressive extinction of claim liabilities arising on a closed insurance portfolio.
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