n Annual Survey of South African Law - Pension funds law

Volume 2013, Issue 1
  • ISSN : 0376-4605



The discussion of pension funds legislation in 2012 ASSAL referred to the Financial Services Laws General Amendment Bill B29 of 2012. This is now the Financial Services Laws General Amendment Act 45 of 2013 ('FSLGAA') and was published in 37237 of 16 January 2014. Its aim is to amend and update various statutes dealing with financial issues, including the Pension Funds Act 24 of 1956 ('PFA'). All amendments to the PFA commenced on 28 February 2014, with the exception of section 4(1) which commenced on 30 May 2014, and section 18(1) which commenced on 29 August 2014. The focus of the present discussion is not on the FSLGAA as a whole, but on certain amendments to the PFA, dealing with the aspects below.

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