By NATION REPORTERAUDITED financial reports for Saturnia Regna Pension Fund were on Friday queried by delegates during the virtual annual general meeting but Benefits Consulting Services chief executive officer, who manage the fund, Bryson Hamanzuka described as minor observations “which have already been addressed, did not affect the authenticity of the audited records.”However, a delegate who spoke to the Daily Nation expressed shock and consternation at a number of issues, including failure to disclose the content of the Forensic audit commissioned by Government, which audit had remained secret.They also complained of high fees for related companies managing the fund namely, African Life Financial Services and Benefits Consulting Services Fund Administrator pegged at K15, 182, 568 and Fund Manager’s fees of K42, 932, 909 respectively.They also questioned the exorbitant fees of K550, 000 charged by the auditing firm Price Waterhouse. The fee has since been reduced to K520, 000 after complaints.Mr Hamanzuka said the fees were […]
Saturnia Accounts querried
