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Home / Posts tagged “#section13A”

#section13A

Videos

What’s on the FIA’s agenda? Interview with FIA CEO Lizelle van der Merwe

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The FSCA and the intermediary: An interview with FIA President Ronald King

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Moonstone is at the FIA Advice Summit 2026- Puts the Future of Financial Advice in Focus

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Retirement complaints hit record high as unpaid contributions dominate

Section 13A complaints accounted for more than 61% of cases investigated and closed in 2025/26, while the OPFA’s carry-over of unresolved matters increased.

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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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Retirement fund arrears rise to R8.33bn despite R1bn in recoveries

Late-payment interest now accounts for almost half of arrears, suggesting unpaid contributions are remaining outstanding for longer.

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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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Move to two-pot system drives jump in complaints to the Adjudicator

Outgoing Adjudicator Muvhango Lukhaimane says the system has laid bare long-standing non-compliance with section 13A of the Pension Funds Act.

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Funds ‘must do more’ to hold employers accountable for arrear contributions

The OPFA on how retirement funds should address non-compliant employers, death benefit allocations, and requests to withhold benefits.

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Retirement fund secures R14m order against municipality and its officers

The High Court describes the municipality’s persistent challenges to the fund’s applications as an example of the destruction of the country’s constitutional ethos.

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Directors found liable for unpaid retirement contributions

The Engineering Industries Pension Fund and the Metal Industries Provident Fund use the personal liability provisions in the Pension Funds Act.

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Unpaid contributions: FSCA prepares to hold non-compliant employers accountable

With over R5.2 billion in unpaid retirement fund contributions and municipalities among the worst offenders, the FSCA is poised to gain expanded powers under the COFI Bill.

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Adjudicator to propose holding trustees personally accountable for non-payment of contributions

Muvhango Lukhaimane will also consult with trustees on guidelines for naming and shaming problematic funds, administrators, and employers.

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Updated 26 October 2026

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Updated 26 October 2026

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FAIS Ombud awards and settlements rise to R39.6m
https://youtu.be/QBR2pprK7IQ
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