ALLAN GREENBLO: Small amounts for small people in small funds are worth chasing
Liberty has taken the lead in having benefit funds that were deregistered erroneously reinstated so that the beneficiaries, who are mainly poor, can receive what is due to them
It’s stupefyingly complex – as well as expensive, time-consuming and frustrating – to join members or dependents with their money in the unclaimed benefit funds (UBFs) of various retirement fund administrators. For such a long time has record keeping been sloppy (going back in some instances to the 1990s), or inadequate (lacking ID numbers and contact details), that in overwhelming instances the odds are deeply stacked against the beneficiary being found for payment of the benefit...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.