In the Financial Services Tribunal (FST) decision in Rand Mutual Assurance Co Ltd v TJ Begwa and others (Case No PFA19/2024 - 15 August 2024), the FST ruled that an employer's compliance with the audi alteram partem rule (hear the other side) does not...
At the early stages of the Covid-19 lockdowns, the Organisation for Economic Co-operation and Development (OECD) in June 2020, published a paper called “Retirement savings in the time of COVID-19”. It identified amongst some of the main challenges arising...
Considering the levels of financial literacy in South Africa, beyond retail products such as banking accounts and mortgage loans, it is imperative that all who encounter a financial consumer immediately satisfy themselves that the consumer understands the basic...
Muvhango Lukhaimane, Pension Funds AdjudicatorRather than conducting a proper investigation to trace who should be allocated a death benefit, a retirement fund decided to go “through the back door” and allocate the benefit to the deceased’s estate.This was stated by...
Muvhango Lukhaimane, Pension Funds Adjudicator Retirement funds must improve on their responsibilities to members in order to avoid prescription of outstanding contributionsWith case law having settled the issue of the application of time-barring to outstanding...