Liberty Hosts Unclaimed Benefits Open Day to reunite South Africans with their unclaimed pension funds

Liberty, one of South Africa’s leading financial services providers, will host an Unclaimed Benefits Open Day at its Braamfontein offices, as part of an ongoing national effort to trace and pay out unclaimed retirement benefits to their rightful beneficiaries.

Liberty currently administers over R1.6 billion in unclaimed benefits, owed to more than 100,000 beneficiaries, and remains committed to reuniting this money with its rightful owners.

“Using the right technology and tools, we are making the process seamless,” says Kabelo van der Merwe, Head of Unclaimed Benefits at Liberty, “We encourage all members of the public to visit our open day to check whether they or their loved ones may be entitled to any unclaimed benefits.”

Over the years, we have worked tirelessly to trace beneficiaries using both traditional and advanced technology tracing models with strategic fintech partners, adds van der Merwe. “The Open Day is about restoring dignity and empowering families to access what rightfully belongs to them.”

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Industry estimates suggest that over R48 billion in unclaimed retirement savings is owed to approximately 4.4 million South Africans, many of whom are unaware of these funds.

The Open Day will host different activities and an Unclaimed Benefits Round Table Discussion to educate the public on how to claim your benefits and how to help us help you. The round table will be hosted by Financial Sector Conduct Authority, Alexander Forbes, Old Mutual and Rosemary Hunter.