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“Too late to have your matter reconsidered,” says the Financial Services Tribunal

Photo of Amina Yuda
By Amina Yuda on February 15, 2023

On 4 May 2022, the Financial Services Tribunal (Tribunal) dismissed an application for condonation in an application that was filed a year and a day later than the determination, which was the subject of the reconsideration. The grounds for the dismissal were, inter alia, that the pension fund and the respondents would…

Posted in Finance

Jurisdiction of Pension Funds Adjudicator and Financial Services Tribunal over non-participating employers

Photo of Ntokozo NgubanePhoto of Michelle David
By Ntokozo Ngubane & Michelle David on March 3, 2022

On 23 February 2022, the Financial Services Tribunal (FST) reinforced that an employee who does not have a “complaint” as provided for, in section 30A of the Pension Funds Act,1956 (PFA) cannot have recourse under the PFA.

The fact of the case are:

  1. The applicant was employed as a truck driver by during the

…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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