Estranged husband loses bid to obtain deceased wife’s R4m fund benefits
Pension funds adjudicator finds that the fund followed the law to the letter by paying into the deceased's estate
An estranged husband has failed to get his hands on his wife’s death benefit of almost R4m from Coca Cola Shanduka Beverage Provident Fund. The Durban man, Krean Naidoo, approached the Pension Funds Adjudicator because he was unhappy that the fund paid the death benefit into his deceased wife’s estate. He complained to the adjudicator, Muvhango Lukhaimane, about Coca Cola Shanduka Beverage Provident Fund and wanted sanctions imposed on the fund for its conduct. He told the adjudicator that he was the legal spouse of the deceased and asked whether the decision of the board of trustees of the fund to pay the money into his wife’s estate was equitable. He also asked the adjudicator to order the board to re-investigate the allocation of the death benefit only once the South African Police Service investigation into the death of his wife was complete. She died from unnatural causes. In June 2018, Naidoo had been advised by the fund that his wife’s death was being investigated by the poli...
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