Retirement fund faulted for failing to verify death-benefit claim – Moonstone Information Refinery

Retirement fund faulted for failing to verify death-benefit claim – Moonstone Information Refinery

The Pension Funds Adjudicator has set aside a death-benefit allocation after finding that a retirement fund failed to investigate properly a claim by an alleged cohabiting partner of a deceased member. The fund accepted the woman as a factual dependant and allocated her 10% of the benefit, relying on her affidavit and an affidavit from the deceased’s landlord and friend, which the fund said corroborated her claims that she had lived with the dec…