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If South Africa’s Office of the Pension Funds Adjudicator (OPFA) could have one wish granted, it would be for pension funds and their members to make better use of internal dispute resolution processes. This shift from external to internal resolution would help to offset the forecast spike in pension fund disputes on the back of hiccups in the two-pot savings withdrawal process.
Regulatory changes are a constant in the dynamic landscape of the insurance and financial advisory sectors, shaping industry practices and standards. Staying abreast of these changes and understanding their implications is essential for insurers, financial advisers, and industry professionals alike.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?