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PFA urges speeding up of “Treating Customers Fairly” law

18 June 2014 | PFA - Pension Fund Adjudicator

The “Treating Customers Fairly” legislation proposed by the National Treasury must be finalised in order to ensure consumers are enlightened by providers of financial products to enable them to make informed choices, says the Pension Funds Adjudicator.

Retirement fund ordered to explain investment management fee

18 June 2014 | PFA - Pension Fund Adjudicator

A retirement annuity fund hasbeen ordered by the Pension Funds Adjudicator to explain in detail how a 1% management fee was calculated for an investment.

Onus is on the employee to check loan deductions are made

11 June 2014 | PFA - Pension Fund Adjudicator

It is the duty of an employee to ensure that amounts are deducted from his salary to repay a housing loan granted in terms of the Pension Funds Act, says Pension Funds Adjudicator Muvhango Lukhaimane.

Illegal trading comes under pressure as the FSB flexes its muscles

11 June 2014 | Financial Sector Conduct Authority (FSCA) (was FSB)

While the end results of investments is largely unpredictable, there is a lot of thought and science which goes into analysing the markets and giving the public appropriate investment advice.

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