Automated payment is not a defence to pension interest claims
The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.
Pension Funds Act
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Tribunal’s ruling highlights a principal officer’s reporting obligations
The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.
FST ruling has ‘far-reaching implications’ for trustees, principal officers, says FSCA
The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
Tribunal may accept late reconsideration applications if good cause is shown
This case is an example of what good cause is not.
FSCA publishes report on project to deregister retirement funds
Authority says mistakes were made, but they were rectified.
What requirements must an employer satisfy for retirement benefits to be withheld?
Court clarifies the grounds on which an employer may interdict a retirement fund from paying out a benefit.
FSCA to allow regulation 28 unit trusts to invest in hedge funds
This is one of three changes the Authority is proposing to make to Board Notice 90.
FSCA sets out how intermediaries may be paid for RA fund transfers
Final version of guidance notice on intermediary remuneration published.
Reminder: conduct standard on retirement fund contributions is now in effect
Conduct Standard 1 of 2022 aims to help eradicate non-payment of retirement fund contributions by employers.
Easier winding-up process for retirement funds that decide to go into liquidation
FSCA implements notice exempting funds from certain qualifying criteria in Board Notice 75.
Pension Funds Adjudicator cannot enforce court orders
Applicant obtains High Court orders to get her share of ex-husband’s pension interest.
Changes to process for considering section 14 transfer applications
FSCA says enhancements to the online submission process will result in faster turnaround times.
Beneficiary nomination updates and crypto assets in a will
New trends call for new requirements. Help your clients to fulfil their wishes when the time comes.
Sanlam should be bound to the higher benefit value, RA fund member tells Adjudicator
Discrepancy between the figures on his benefit statement and those on Sanlam’s website.
Family goes to court after deceased’s life partner gets 100% of RA benefit
High Court considers the extent of the retirement fund’s investigation into the dependants.
Conduct standard on reporting obligations relating to retirement fund contributions due to take effect in February
It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.
Pension Funds Adjudicator’s creation of a new complaint unfair to the applicant
The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.
