
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.

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.

The Pension Funds Adjudicator rules the fund acted within the law when it refused a member’s request to dip into his FlexiPension plan.

The SA Retirement Annuity Fund is looking to the Supreme Court of Appeal to overturn a High Court decision in favour of the Pension Funds Adjudicator.

High Court hands down a decision on the interpretation of the tracing provision in section 37C of the Pension Funds Act.