Scrutiny on the oversight of unclaimed retirement fund benefits is escalating, driven by the problem's increasing scale in South Africa and sluggish progress in tracing beneficiaries.
The July 2023 Bowmans law firm article, "South Africa: Unclaimed Benefits – A Problem Across the Globe," addresses this persistent issue in our country.
It outlines the legal backdrop, stakeholder responsibilities and urgent need for clearer regulations. Learning from global successes and failures in managing unclaimed benefits it also suggests avenues for reform with governmental intervention.
To read the full article click here.