Failure to act timeously over arrear contributions places members’ benefits at risk
Over half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
A High Court hears details of an elaborate fraud in which scammers cleaned out a bank account and bought cryptocurrency from a part-time trader.
Read moreOver half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
The High Court confirms that an acknowledgment of debt, even if not directly made to the creditor, interrupts the time limit for legal action.
The Ombudsman for Banking Services sets out the legal position regarding prescription, repossession, and a voluntary surrender.
Adjudication of the complaints requires hearings, which are more conducive to a court of law, the Ombud says.
Two-thirds of disputes were settled in favour of consumers.
Shoprite Checkers contends the curator had a year within which to file the claim from the date on which he was appointed.
The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.