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Home / Posts tagged “PFA”

PFA

Videos

Timur Turlov on chess, investing, and why South Africa matters

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Day 2 Highlights from the FSCA Industry Conference 2026

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Day 1 Highlights from the FSCA Industry Conference 2026

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OPFA proposes framework for exercising summons powers

The draft guidelines set out how witnesses may be called and material obtained during complaint investigations.

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Retirement fund faulted for failing to verify death-benefit claim

The Adjudicator orders a fresh investigation after finding that the fund had not adequately verified an alleged cohabiting partner’s claim.

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OPFA introduces dedicated form for section 13A complaints

Retirement funds are expected to submit fuller, better-documented complaints when pursuing employers over unpaid contributions and missing contribution schedules.

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No checklist for proving a permanent life partnership, says Adjudicator

Continuous cohabitation and joint bank accounts are relevant but not decisive when trustees assess whether a claimant was a permanent life partner.

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Defined-benefit pension conversion dispute turns on fund’s rules

The fund’s calculation was found reasonable by an independent actuary, but the OPFA held that the rules did not authorise the conversion method.

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Conduct Standard deadline nears for benefit administrators

From 6 August, administration agreements and outsourcing arrangements must comply with the last deferred provisions of Conduct Standard 2 of 2025.

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Former Robben Island CFO loses bid to unfreeze pension benefit

The ruling found sufficient prima facie evidence for withholding but did not determine whether Karabo Ramela committed fraud or caused the claimed losses.

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FST sets aside pension ruling in dispute between SAIPA and former CEO

The decision clarifies when prior civil proceedings may prevent the Pension Funds Adjudicator from investigating a complaint over withheld benefits.

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Death benefit ruling puts Mutsila judgment into practice

Although the retirement fund misapplied section 37C, the OPFA found the same outcome was equitable after applying the Constitutional Court’s guidance.

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SCA upholds Adjudicator’s reading of ‘12 months’ in section 37C

The retirement fund was not entitled to pay the benefit into the estate because it only learned of the member’s death more than a year later.

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Adjudicator slams fund over unresolved death-benefit claim

Nearly nine years after the claim was lodged, the fund still could not confirm whether the benefit had been allocated or paid.

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Retirement industry flags operational risks in dual contribution regime

IRFA says the FSCA is engaging with the Department of Employment and Labour on the issue.

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Non-responsive retirement funds face stricter action from Adjudicator

Summonses and subpoenas may be used to address non-cooperation by funds and administrators, as the OPFA seeks to improve the efficiency of its investigations.

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Bill gives Labour Court, CCMA, and bargaining councils power to order unpaid contributions

Misaligned statutory deadlines for employee retirement fund contributions raise practical compliance questions, particularly for employers with non-monthly payroll cycles.

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Ombud Council issues new rules for Pension Funds Adjudicator

The framework formalises complaint-handling procedures, introduces mechanisms such as conciliation and summary dismissal, and will be implemented in phases.

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Employers face dual enforcement for non-payment of retirement contributions

The Minister of Employment and Labour removes a 2003 exemption that shielded employers from labour-inspector oversight.

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New Rules for Adjudicator emphasise efficiency, consistency, and COFI readiness

The draft Rules for the Office of the Pension Funds Adjudicator formalise existing procedures and align the OPFA with COFI and the cross-scheme framework.

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Investment Rates

 

Updated 31 August 2026

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Money Market funds

Updated 31 August 2026

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Treasury holds largely firm on AML Bill
https://youtu.be/TD_yUmHLuk8
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