Does my provident fund name have to match my employer's name?


Question:

im working at the company for 10 years .when i started there the name was karrimor in 2004 and the name changed in 2007 to redmountain .we now have changed again and have a new boss since 1april 2014 we now redmountain international but our provident fund statement is under a other name sunhopper witch was the name of the company before i started there 2014 please need advice urgently what to do

Answer:

Jennezelle,

We don't understand the nature of your concern. Just because your provident fund name does not match your employer's name does not indicate a problem - it just means that the fund name has not been changed. If your regularly receive your benefit statements, indicating that your contributions are invested and earn a return, then this should be in order.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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