Mamello Mosiana | Daily Maverick | 17 June 2020 | While few immediately associate youth issues with pensions, the reality is that many young people actively participate in and even depend on the pensions industry. This includes their participation in the ongoing struggle of millions to access more than R42-billion in pension benefits owed to…
16 June 2020 | Mamello Mosiana | While few immediately associate youth issues with pensions, the reality is that many young people both actively participate in, and depend on, the pensions industry. This includes their participation in the ongoing struggle of millions to access over R42 billion in pension benefits owed to individuals and families,…
Business Live | 11 June 2020 | Questionable appointments, or failure to appoint people, remain a blot on the finance minister’s copybook. It raises the question: has he lost interest? Tito Mboweni is a politician wrapped in contradiction. He clearly thrives on the warm affirmation he elicits from his 778,000 Twitter followers. He knows how…
10 May 2020 | You may be facing hardship but what if you’re owed money? Michael Marchant of Open Secrets of tells me there’s R43b in retirement funds owing to 5m beneficiaries & they don’t know about it. Find out how you can claim in this podcast.
Michael Marchant | Daily Maverick | 8 May 2020 | In the context of a strained fiscus and a dysfunctional social security agency – freeing up private assets that are owed to poor and vulnerable individuals could also go a long way to supporting the increase in social welfare grants. It is in this context…
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…
GroundUp | Ciaran Ryan | 16 January 2019 | “This may seem small compared to the billions of unclaimed assets, but it is always nice to see a direct impact” It’s nice to share good news every now and again. Late last year we published two stories (here and here) on R42 billion in unclaimed pensions owed…
Unaccountable 00003: Captured Regulator?- The FSCA and Dube Tshidi By Michael Marchant Open Secrets | Daily Maverick | 3 December 2019 In part two of the Open Secrets Unaccountable series, we profiled the conduct of Liberty Group in the incorrect cancellation of hundreds of pension funds when they still held more than R100 million owed…
Christi Nortier | Maverick Citizen | 29 November 2019 | Every Friday for the past decade, Sphiwo William Casiwe has made his way from his home in Khayelitsha to the local activist hub, the Isivivana Centre, for a meeting with fellow ex-mineworkers. He clutches his satchel as he hails taxis and navigates pavements. He rests…
Unaccountable 00002: Liberty- Profit over Pensioners By Michael Marchant More than 16 million South Africans contribute to a pension fund, most of which are run by financial behemoths like Liberty. They do so in the hope of a decent dignified life in retirement, and to ensure their dependants will be paid if they die. While…