Over R42 billion of retirement money remains unclaimed, which – according to the Financial Services Board (FSB) – accounts for 1.8% of all retirement money.
Tag - unclaimed benefits
Around R20 billion of pension fund assets remains unclaimed by an estimated 3.5 million pension fund members or their beneficiaries, according to the Financial Services Board.
More than three million South Africans are owed more than R45 billion in unpaid benefits from retirement funds they have left already, according to unclaimedbenefits.co.za. In many cases when leaving a company, employees may not be aware of funds that have accrued to them. Even if you did receive a payout when you left a fund due to resignation or...