EDITORIAL: Care needed in dealing with unclaimed pension benefits
The R47bn could be put to good use in the midst of dire social need and impoverishment
22 April 2022 - 05:08
Pensions are sacrosanct, so any initiative to use unclaimed pension benefits for worthwhile social causes will have to tread very carefully.
The amount unclaimed is more than R47bn, a substantial amount that is lying idle and generating fees for asset managers in the midst of dire social need and impoverishment. There are a host of good causes for which the money could be used: building schools, eliminating pit latrines, tackling youth unemployment and even financing relief efforts in the wake of the flood disasters last week in KwaZulu-Natal...
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