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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

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.

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

03 October 2024

Rather than just determining all the complaints it receives, the Office of the Pension Funds Adjudicator also seeks to maintain the trust between funds and their members by using the refer-to-fund (RtF) process.

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

29 August 2024

Yet another employer in the security sector has been taken to task by the Pension Funds Adjudicator for failing to remit all provident fund contributions on the employee’s behalf to the fund.

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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