Regulatory Alerts2026-07-08
Added
PF-CIR-04-2019 – Death Benefits Pensioner Member
Registered pension fund organizations must actively trace dependants for at least twelve months after a pensioner-member's death if benefits remain in the fund. Fund rules that pay benefits exclusively to a nominee who is not a dependant, or that exclude dependants, are void and inconsistent with section 37C of the Pension Funds Act. Circulars PF/CIR/03/2019 and PI/PF/01/2004 are revoked and withdrawn, respectively, with this directive effective immediately on 14 June 2019.
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