Tribunal dismisses R824 000 claim over delayed fund credit transfer
The FST rejects the member’s loss calculation based on assumed money market returns, affirming that the fund’s rules limit accrual to bank interest.
transfer
Nampak pension fund vs Nampak provident fund over members’ share of surplus accounts
Financial Services Tribunal considers the Adjudicator’s powers relating to section 14 transfers
When does an organisation need prior authorisation before processing information?
From 1 February next year, organisations that process certain types of information will have to obtain prior authorisation from the Information Regulator (IR). This will affect, among others, organisations that conduct credit or […]
When does an organisation need prior authorisation before processing information?
From 1 February next year, organisations that process certain types of information will have to obtain prior authorisation from the Information Regulator (IR). This will affect, among others, organisations that conduct credit or […]
Calculation of pension payouts – Complexities of transfers and switching
Parties that are aggrieved by decisions of the Pension Funds Adjudicator may lodge appeals with the Financial Services Tribunal. The Financial Sector Regulation Act, 9 of 2017 (“FSR Act”) considers the Pension Funds […]
Bulk transfers by FSPs and Insurers
This is the title of an article in the FSB’s FAIS Newsletter 20, which also addresses the shortcomings mentioned at the conclusion of the article above. In instances where the transfer of clients resulted […]
