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PFA orders fund to pay punitive damages

31 May 2017

The Pension Funds Adjudicator has reminded funds it is illegal to withhold the benefit of a member who is potentially liable for theft, fraud or misconduct without written admission of liability or a court judgment in respect of the compensation.

Mother fails in bid to claim all of son’s death benefit for herself

06 January 2017

A child born two days before her father’s death has qualified to share in the death benefit on the basis of being a dependant by virtue of being the child of the deceased.

A pension fund must consider personal factors

09 December 2016

A pension fund must take into account the personal circumstances of beneficiaries when distributing the proceeds of a death benefit, says Pension Funds Adjudicator, Muvhango Lukhaimane.

A high number of complaints and lack of service

10 November 2016

The retirement industry has been in the spotlight a lot this year with the media highlighting some of the challenges that the industry needs to overcome if it is to become world class.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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