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Compliance - Regulatory / PFA - Pension Fund Adjudicator

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Security company fails in bid to have PFA determinations set aside

Security company fails in bid to have PFA determinations set aside

25 March 2025

In a victory for long suffering members of the Private Security Sector Provident Fund, the Gauteng High Court dismissed four applications by a security company for the determinations issued by the Pension Funds Adjudicator against it to be set aside.

Fund ordered to hear full story before withholding benefit

Fund ordered to hear full story before withholding benefit

28 February 2025

A provident fund that withheld payment of a withdrawal benefit on the basis that the member had defrauded the company has been ordered by the Pension Funds Adjudicator to request the complainant to place her version of events before it.

Provident Fund reported to Conduct Authority for undue delay

Provident Fund reported to Conduct Authority for undue delay

28 November 2024

The Office of the Pension Funds Adjudicator has reported the Private Security Sector Provident Fund to the Financial Services Conduct Authority for unwarranted delay before conducting investigations to make a death benefit distribution.

Two-pots could cause a spike in pension fund disputes

Two-pots could cause a spike in pension fund disputes

21 October 2024

If South Africa’s Office of the Pension Funds Adjudicator (OPFA) could have one wish granted, it would be for pension funds and their members to make better use of internal dispute resolution processes. This shift from external to internal resolution would help to offset the forecast spike in pension fund disputes on the back of hiccups in the two-pot savings withdrawal process.

quick poll
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
With more than 9000 complaints received, PFA urges funds to resolve disputes internally

With more than 9000 complaints received, PFA urges funds to resolve disputes internally

03 October 2024
Provident fund barred from taking Peter’s contributions to pay Paul

Provident fund barred from taking Peter’s contributions to pay Paul

29 August 2024
Two-Pots Pension System: 7 useful things that retirement fund members should know

Two-Pots Pension System: 7 useful things that retirement fund members should know

26 August 2024
Twins born from donor sperm outside marriage not legal dependants

Twins born from donor sperm outside marriage not legal dependants

13 August 2024
Fund blocked from paying death benefit to a third party

Fund blocked from paying death benefit to a third party

05 August 2024
PFA: Spouse fails to prove she was financially dependent on estranged husband

PFA: Spouse fails to prove she was financially dependent on estranged husband

26 July 2024
Funds pays benefit to fraud syndicate whilst real member was in prison

Funds pays benefit to fraud syndicate whilst real member was in prison

08 July 2024
Employer found to be forcing member to sign away benefit under duress

Employer found to be forcing member to sign away benefit under duress

27 June 2024
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