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CompliNEWS   |   Financial Service Intelligence Watch Sunday 25 May 2025

Financial Services Tribunal Decision – RV Cannon v Pension Funds Adjudicator and four others

Summary

Reconsideration of the Pension Fund Adjudicator’s decision in terms of s 230 of the Financial Sector Regulation Act 9 of 2017 (FSR Act). Application falls properly to be dismissed on account of the applicant’s non-compliance with the provisions of s 230(2)(b) of the FSR Act inasmuch as the application was brought after the lapse of a 90-day period of the date of the impugned decision and the absence of a showing of irrationality, unlawfulness or illegality attaching to the impugned decision.

Full text of FST Decision