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PFA orders fund to rework death benefit allocation

PFA orders fund to rework death benefit allocation

22 May 2024

The major children of a deceased member of a pension fund complained to the Pension Funds Adjudicator that they were allocated only one percent each from the death benefit of R1 869 076.45 although they were financially dependent on him.

Proper record-keeping essential for two-pot retirement system

Proper record-keeping essential for two-pot retirement system

20 May 2024

Retirement fund administrators must ensure proper records are kept of members’ contributions, especially with the soon to be implemented two-pot retirement system, says Nondumiso Ntshangase, Senior Legal Advisor at the Office of the Pension Funds Adjudicator.

PFA slates fund for placing employer’s interests before member

PFA slates fund for placing employer’s interests before member

17 May 2024

A retirement fund has been reprimanded by the Deputy Pension Funds Adjudicator for withholding payment of a withdrawal benefit without affording the member an opportunity to make representations to it as to why the benefit should not be withheld.

Members urged to approach PFA when employers fail to pay contributions

Members urged to approach PFA when employers fail to pay contributions

23 April 2024

Errant employers are responsible for about R7-billion of unpaid pension fund contributions.

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PFA dismisses woman’s claim to R21m death benefit

PFA dismisses woman’s claim to R21m death benefit

10 April 2024

PFA slates fund for waiting 27 years for claimants to pitch

PFA slates fund for waiting 27 years for claimants to pitch

02 April 2024

Fund refuses to pay benefit without proof of death

Fund refuses to pay benefit without proof of death

27 February 2024

PFA rules that wife accused of murder cannot claim death benefit

PFA rules that wife accused of murder cannot claim death benefit

23 February 2024

Financial Services Tribunal upholds PFA’S rulings on fund transfers

Financial Services Tribunal upholds PFA’S rulings on fund transfers

30 November 2023

PFA bemoans conduct of Mafoko Security Patrols

PFA bemoans conduct of Mafoko Security Patrols

07 November 2023

Rise in complaints due to trust in Office of Pension Funds Adjudicator

Rise in complaints due to trust in Office of Pension Funds Adjudicator

24 October 2023

PFA says beneficiaries deserve compensation for undue delays

PFA says beneficiaries deserve compensation for undue delays

22 August 2023

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