Section 48: Disinvestment
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
48. Disinvestment
(1) The Commission may direct a private pension scheme to disinvest or
alter the diversification of its assets—
(a) so as to ensure that it complies with this Act, the FSC Rules or
any other enactment; or
(b) where it is satisfied that the retention of the investment is likely
to jeopardise the rights and interests of its beneficiaries.
(2) A private pension scheme shall not be liable for any loss arising from,
or contingent upon, any investment, where the investment was made in
accordance with this Act or any other enactment, unless such loss has been
occasioned by fraud, recklessness or negligence.