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Compliance - Regulatory / PFA - Pension Fund Adjudicator

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PFA asks for Provident Fund to be probed for maladministration

PFA asks for Provident Fund to be probed for maladministration

21 January 2015

The Registrar of Pension Funds has been asked to investigate a case of maladministration on the part of the Chemical Industries National Provident Fund.

PFA: Amendment to a rule must be approved before it can be applied

PFA: Amendment to a rule must be approved before it can be applied

03 December 2014

A rule amendment cannot be applied before it has been approved by the Registrar of Pension Funds, the Pension Funds Adjudicator has yet again declared.

PFA: It pays to check the fees deducted from your RA policy

PFA: It pays to check the fees deducted from your RA policy

02 October 2014

It pays to check the fees deducted for your retirement annuity policy. Administrators of funds sometimes do make mistakes.

The PFA paints a poor TCF picture of the retirement industry

The PFA paints a poor TCF picture of the retirement industry

25 June 2014

Treating Customers Fairly (TCF) is a principle’s based approach to the Financial Services Industry and regulates how product providers should be treating customers. The principles have been in place since the beginning of the year, and despite the fact that the principles have not been formalised in legislation, the Financial Services Board (FSB) is expecting all companies to adhere to these principles.

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Question

If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?

Answer
PFA urges speeding up of “Treating Customers Fairly” law

PFA urges speeding up of “Treating Customers Fairly” law

18 June 2014
Retirement fund ordered to explain investment management fee

Retirement fund ordered to explain investment management fee

18 June 2014
Onus is on the employee to check loan deductions are made

Onus is on the employee to check loan deductions are made

11 June 2014
PFA is swamped by complaints of non-payment of death benefits

PFA is swamped by complaints of non-payment of death benefits

08 May 2014
Pension Board slammed by PFA for acting on unapproved rule

Pension Board slammed by PFA for acting on unapproved rule

11 April 2014
Pension Board slammed by PFA for acting on unapproved rule

Pension Board slammed by PFA for acting on unapproved rule

09 April 2014
Last will has no bearing on pension fund death benefit

Last will has no bearing on pension fund death benefit

09 April 2014
PFA ruling should urge employees to confirm they are in fact registered with a provident fund

PFA ruling should urge employees to confirm they are in fact registered with a provident fund

13 March 2014