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Unclaimed Benefits Totaled R44.9 Billion

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Treasury and the Financial Sector Conduct Authority are considering forcing pension funds to transfer all of their unclaimed benefits into a central fund. At the end of 2019, unclaimed benefits totaled R44.9 billion, figures presented by the regulator show. The FSCA's divisional executive of retirement funds, Olano Makhubela, estimates that "at least a good 40%" of that money will not be reunited with its beneficiaries.
26 Aug 2021 12PM English South Africa Business News · Investing

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