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The Supreme Court of Appeal has endorsed a ruling by the Pension Funds Adjudicator, confirming that a student registered at Unisa did not forfeit her pension benefit as she was regarded as studying full-time and not part-time.
Causal event charges have been a perpetual source of anger, frustration, and often confusion within the retirement industry. Often, the client does not know how these charges are calculated or in fact what they are being imposed for.
The Pension Funds Adjudicator has set aside a R3 082 000 death benefit allocated to a deceased’s partner of 22 months after one of his children complained that the decision was not fair and equitable.
Although numerous cases of non-compliance with the Pension Funds Act have been referred to the Registrar of Pension Funds, the Pension Funds Adjudicator continued to be inundated with complaints about security companies not fulfilling their obligations to the fund.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?