Effective from 1 August 2026 to 31 July 2029, the appointment provides continuity as South Africa’s retirement-funds sector undergoes significant regulatory and operational changes. This includes the implementation of the two-pot retirement system and efforts to address ongoing pension-fund contribution challenges.
Godongwana first appointed Essop as deputy pension funds adjudicator on 1 August 2023, in terms of section 30C of the Pension Funds Act, 24 of 1956.
Essop is an admitted attorney and holds an LLB degree. Before joining the OPFA, he practised as an attorney and later served in the Pension Funds Department of the Financial Services Board, which later became the Financial Sector Conduct Authority.
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