In recent months, prescribed assets for retirement funds have been discussed extensively as a potential source of funding for state-owned entity (SOE) debt as well as the country’s developmental imperatives. According to Alexander Forbes Unclaimed Benefit Fund, 49.8% of unclaimed monies are older than 8 years and tracing has been attempted more than once.

This happens when the retirement fund member has not claimed their money and the fund cannot reach the family of the beneficiary within a period of 24 months.

Guest: Elio E'Silva - Head of Direct Corporate Solutions | Alexander Forbes