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Compliance - Regulatory / PFA - Pension Fund Adjudicator

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Divorce order for payment of pension interest not applicable for marriages out of community of property

Divorce order for payment of pension interest not applicable for marriages out of community of property

16 April 2018

A portion of the pension interest assigned to the non-member spouse in terms of a decree of divorce may not be paid out when parties are married out of community of property, the Pension Funds Adjudicator has ruled.

PFA threatened with legal action by complainant

PFA threatened with legal action by complainant

31 January 2018

Pension Funds Adjudicator Muvhango Lukhaimane has read out the riot act to a pension fund and its administrator for failing to willingly provide a response to a complaint.

PFA orders fund to relook its decision

PFA orders fund to relook its decision

20 November 2017

The board of a pension board did not conduct a proper investigation when it resolved to allocate the entire amount of the death benefit to the deceased mother, to the exclusion of the complainant who had been nominated as beneficiary.

FSB urged to act against fund for failing to provide information

FSB urged to act against fund for failing to provide information

06 November 2017

The conduct of a pension fund, its chairperson and its administrator have been forwarded to the Financial Services Board (FSB) by the Pension Funds Adjudicator for remedial action after they repeatedly failed to provide requested information.

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PFA rules that curatorship of fund must be terminated

PFA rules that curatorship of fund must be terminated

23 October 2017
It was another busy year for Pension Funds Adjudicator

It was another busy year for Pension Funds Adjudicator

17 October 2017
Minister Gigaba supports PFA’s penalties against errant funds

Minister Gigaba supports PFA’s penalties against errant funds

17 October 2017
PFA questions TCF principles in causal event charge

PFA questions TCF principles in causal event charge

03 August 2017
Fund whacked with 10% penalty for delaying death benefit payment

Fund whacked with 10% penalty for delaying death benefit payment

05 June 2017
PFA dismisses complaint based on greed

PFA dismisses complaint based on greed

05 June 2017
PFA lambastes fund over exit fee misstatement

PFA lambastes fund over exit fee misstatement

01 June 2017
FSB asked to act against errant fund administrator

FSB asked to act against errant fund administrator

01 June 2017
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