The government is planning to bring dozens of superannuation (private and provident) funds, currently registered with the Commissioner of Labour, under the supervision and regulation of the Insurance Board of Sri Lanka (IBSL) in a move that is being supervised by the Central Bank (CB), informed sources said.
Heads rolled while others were shifted to new positions when the government this week approved appointments to the boards of government agencies with the biggest development being the re-entry of controversial businessman Harry Jayawardene.
