by @Deirdre Phillips | Nov 23, 2023 | 2-Pot system, Legislation & Regulation, Pension Funds Act, Two-Component System, Two-pot system
Deirdre Phillips, Partner, Bowmans After many in the retirement industry may have taken a deep sigh of relief when the National Treasury finally agreed to postpone the implementation date of the much debated two-pot retirement system to 1 March 2025, it appears...
by @Muvhango Lukhaimane | Nov 2, 2023 | Legislation & Regulation, Pension Funds Act, Pension Funds Adjudicator
Muvhango Lukhaimane, Pension Funds Adjudicator The reshaping of the regulatory landscape for financial services has been welcomed by the Office of the Pension Funds Adjudicator (OFPA). The OPFA is collaborating closely with the newly established Ombud...
by @Muvhango Lukhaimane | Oct 30, 2023 | Legal opinions / rulings, Legislation & Regulation, Pension Funds Act, Pension Funds Adjudicator
Muvhango Lukhaimane, Pension Funds Adjudicator One of the advantages of a specialist tribunal such as the Office of the Pension Funds Adjudicator (OPFA) is that parties can rest assured that there is a repository of specialist pensions law knowledge that...
by @Muvhango Lukhaimane | Aug 23, 2023 | Employee Benefits, Legal opinions / rulings, Legislation & Regulation, Pension Funds Act, Pension Funds Adjudicator, Section 37C
Muvhango Lukhaimane, Pension Funds Adjudicator Pretoria – 21 August 2023: The Office of the Pension Funds Adjudicator has been inundated by a raft of complaints about unnecessary delays in the payment of death benefits. Three recent cases involved Old...
by @Megan Rank | Aug 23, 2023 | Beneficiary Funds, Employee Benefits, FSCA, Legislation & Regulation, Pension Funds Act, Umbrella Trust
Megan Rank, Legal Manager, Fairheads Benefit Services In the early 1990s, Fairheads pioneered the use of umbrella trusts to house death benefits payable to the dependants of deceased retirement fund members. Such was the success of the solution that the...
by @Nicolette van Vuuren, @Joon Chong and @Lonwabo Mabona | Jul 14, 2023 | Employee Benefits, FSCA, Legislation & Regulation, National Treasury, Pension Funds Act, Preservation, Retirement & Financial Planning, Retirement Reform, Two-pot system
Nicolette van Vuuren – Senior Associate, Joon Chong – Partner and Lonwabo Mabona – Candidate Attorney at Webber Wentzel The anticipated draft amendments to legislation that will implement the first phase of the two-component retirement system...
