Posted on May 19th, 2011 in Industry News
In a recent determination, the Acting Pension Funds Adjudicator, Dr Elmarie de la Rey, has ruled that, in terms of Section 30I of the Pension Funds Act, the Adjudicator cannot rule on complaints were the act or omission in question took place more than three years before the date on which the complaint is received by their offices in writing.
The case in question highlights the necessity that members are vigilant of the transfer of their benefits during the transfer of the administration of the Fund to which they belong and that any enquiries or complaints to be raised must be made through the correct channels as soon as reasonably possible.
