A Pension Fund Administrator (PFA) is a company licensed by the National Pension Commission to manage and invest the pension funds in the employee’s.
Find below are the list of Pension Fund Administrators In South Africa
GQM Fund Administrators (Pty) Ltd
Address: 76 Concorde E Rd, Bedfordview, Germiston, 2008
Hours: Open ⋅ Closes 4PM
Phone: 011 450 3088
Metal Industries Benefit Funds Administrators
Address: 42 Anderson St, Marshalltown, Johannesburg, 2107
Hours: Open ⋅ Closes 4PM
Phone: 011 870 2000
Momentum Medical Scheme Administrators (Pty) Ltd
Address: Blackburn Estate, Blackburn
Hours: Open ⋅ Closes 4:30PM
Phone: 031 573 4000
MULTILECT ADMINISTRATORS
Address: 191 Jan Smuts Ave, Rosebank, Johannesburg, 2193
Hours:
Open now Add full hours
Phone: 086 116 8584
What are the function of pension fund administrator?
PENSION FUND ADMINISTRATORS (PFA)
The main functions of the PFA are to open Retirement Savings Account (RSA) for employees; invest and manage pension fund assets; payment of retirement benefits and accounting for all transactions relating to the pension funds under their management.
Can I change my pension fund administrator?
An employee or contributor has the freedom to move his account, once a year, from one PFA to another without giving any reason(s).
Who manage the pension fund?
Pension funds are the largest investment blocks in most countries and dominate the stock markets where they invest. When managed by professional fund managers, they constitute the institutional investor sector along with insurance companies and investment trusts.
Which function is served when money is put into a pension fund?
Investment of contributions as per investment guidelines prescribed by the Authority. Scheme portfolio construction. Maintains books and records of its operations.
How does pension administration work?
Pensions administrators are responsible for the day-to-day administration of pension schemes and life insurance policies. They make sure that new and existing customers’ policies are accurately maintained and serviced. Their responsibilities can vary depending on the size and structure of their organization.
How long does it take for pension fund to be paid?
It typically takes between 4 and 12 weeks to process a retirement fund pay-out (21 business days at 10X Investments), from the time your last contribution is invested or the required instruction forms are received by the administrator (whichever is the later).
How do I change my pension?
The first is the easiest as banks have a designated link bank that processes pensions. Application: To change the paying bank in the same location or to ask for payment to be made at a bank in a different location, the pensioner has to send a written application, attested by the old bank’s manager, to the new one.