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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.
Errant employers are responsible for about R7-billion of unpaid pension fund contributions.
A woman who spent 17 years as a businessman’s life partner has failed in her bid to lay claim to a share in the death benefit totalling R21,3 million.
A provident find has been slammed by the Pension Funds Adjudicator for waiting 27 years before a beneficiary came forward to claim a death benefit.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?