Gareth Stokes’ of FANEWS provides an overview on the Financial Sector Conduct Authority's (FSCA) 2022 discussion paper regarding the management of South Africa's unclaimed financial assets.
This FSCA paper addresses the substantial R90 billion in unclaimed assets and outlines a prospective strategic approach for all relevant financial sectors.
In Stokes' 12th Oct 2022 newsletter he highlights the paper's 13 core recommendations. He also draws specific attention to the proposals for establishing a Central Fund for all unclaimed benefits and allocating unclaimed money towards socially beneficial projects, which he invites readers to weigh in on.
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