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Compliance - Regulatory / PFA - Pension Fund Adjudicator

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Recent determinations by the Pension Funds Adjudicator

Recent determinations by the Pension Funds Adjudicator

01 July 2011
PFA: Two funds ordered to pay death benefits without further delay

PFA: Two funds ordered to pay death benefits without further delay

10 June 2011
Negligent provident fund resolves matter by admitting liability and paying up

Negligent provident fund resolves matter by admitting liability and paying up

30 May 2011
Complainant was made aware of investment switch, PFA rules

Complainant was made aware of investment switch, PFA rules

30 May 2011
quick poll
Question

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

Answer
PFA rules fund credit at time of withdrawal notice must be paid

PFA rules fund credit at time of withdrawal notice must be paid

28 April 2011
PFA: No early withdrawals on retirement annuities

PFA: No early withdrawals on retirement annuities

15 April 2011
PFA awards death benefit to member’s extramarital child

PFA awards death benefit to member’s extramarital child

15 April 2011
PFA: Plain language needed to stop claim such as R3 608 037 049

PFA: Plain language needed to stop claim such as R3 608 037 049

15 April 2011
PFA: Fund acted in good faith and cannot be punished

PFA: Fund acted in good faith and cannot be punished

15 April 2011
PFA: No benefit due as deceased was no longer member of the fund

PFA: No benefit due as deceased was no longer member of the fund

11 April 2011
PFA: Employer must notify fund of death of member for benefit to be paid timeously

PFA: Employer must notify fund of death of member for benefit to be paid timeously

11 April 2011
PFA dismisses complaint as full benefits had been paid out

PFA dismisses complaint as full benefits had been paid out

11 April 2011