
Tribunal: A fund’s rules control savings component withdrawals
The fund would be acting ultra vires if it paid a savings withdrawal while the member’s and employer’s contributions remained unpaid.

The fund would be acting ultra vires if it paid a savings withdrawal while the member’s and employer’s contributions remained unpaid.

Employee benefits specialist and Certified Financial Planner® Johann Peens unpacks the common pitfalls that can leave members exposed.

The FSCA expects to receive a large number of amendments, so it would like to have prior sight of the proposed amendments beforehand.