MICHAEL MARCHANT: No accountability at Liberty Life

After hounding out the whistleblower who exposed Liberty Life’s disastrous pension fund cancellations programme, the insurer has sat on its hands. It is extraordinary to see how pension industry insiders leap to defend insurance behemoth Liberty Life for its scandalous handling of the unlawful cancellation of hundreds of pension funds. A recent investigative report by…

#PODCAST: “Open Secrets” report finds billions worth of unpaid pension funds, still under private control

Lotus FM | Newsbreak | 13 November 2019 | SABC News and Current Affairs — By Newsbreak Producer Hoossen Ebrahim – Non-profit organisation “Open Secrets” has written to the Finance Minister to investigate their report which found over 42-billion-rand worth of unpaid benefits of pension funds – still under the control of private administrators. The…

Administrators sit on more than R42bn in unpaid pension benefits — earning a fee, of course

Marianne Thamm | Daily Maverick | 10 November 2019 The R42-billion in unpaid benefits owed to more than four million South African pensioners is ‘a fundamental failure’ of public interest by state regulators and pension fund administrators, a year-long investigation by Open Secrets has concluded. Open Secrets researchers Michael Marchant, Mamello Mosiana, Leila Khan and…