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PFA finds that fund had erred in using a benefit calculator

27 June 2023

A retirement fund’s decision to allocate a death benefit has been set aside by the Pension Funds Adjudicator because it had failed to conduct thorough investigations and instead relied on a calculator to tell them what to do.

Provident fund reprimanded for not ensuring employees contributions were paid

08 June 2023

A provident fund has been taken to task by the Pension Funds Adjudicator for failing in its duty to enforce a determination to ensure that the employer pays contributions timeously.

Employer who took advantage of Covid concession is ordered to pay arrear provident fund contributions at the prescribed rate with interest

09 May 2023

Some employers have taken advantage of the Covid concession on provident fund contributions which allowed for a lower deduction from employee salaries.

Fund reported to FSCA for ignoring PFA's request's for response

22 December 2022

A complaint to the Pension Funds Adjudicator about a fund’s delay in payment of a withdrawal benefit received stony silence from the fund despite numerous requests by the Adjudicator for the fund to submit a response.

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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