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While even limited financial security is beyond the reach of many as they battle to eke out a living, others can plan for their future financial well-being with a pension, says Constitutional Court Judge Jody Kollapen.
Rather than conducting a proper investigation to trace who should be allocated a death benefit, a retirement fund decided to go “through the back door” and allocate the benefit to the deceased’s estate.
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.
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.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?