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Fin24 writes that the Financial Services Board (FSB) is at the ready to provide support in respect of claims for billions of rands in outstanding benefits owing to former mineworkers in various pension and provident funds.
The FSB is assisting members or beneficiaries in trying to trace benefits or shares of allocated surpluses they believe to be due to them if provided with relevant and sufficient information. Before approaching the FSB, individuals who believe that they are entitled to unclaimed benefits should directly contact the respective retirement fund in order to establish whether they have any benefits attributable to them. The details of the fund can be obtained from the member’s employer at the time. If the enquirer wishes to complain about the non-payment of a benefit that was due and payable during the last three years, the Pension Fund Adjudicator should be approached for assistance. If individuals experience difficulties in contacting the retirement fund directly, they must submit a FSB enquiry form (included within Fin24 report) together with certain supporting documentation.
- Read this report in full at Fin24
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