Estimated R88 billion worth of unclaimed assets held by financial institutions: FSCA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 21-09-22 23:41:00
📰 SABCNews

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

It’s estimated that there is R88 billion worth of unclaimed assets held by financial institutions. 53% of these are in retirement funds, followed by collective investment schemes and the life insurance sector holding 38% of unclaimed assets.

Pen, calculator and financial statements seen on a table

The FSCA says the objective is to reunite beneficiaries with their unclaimed assets. It says the root cause of the problem of unclaimed assets is inadequate record keeping and asset holders not updating beneficiary details. “For the banking sector, it’s approximately R3.36 billion, CSDP R4.5 billion, life insurers and collective investments that is R33.49 billion and for retirements funds that is for the 2020 period, it’s R47.21 billion,” says FSCA’s Loraine van Deventer.

Écrire un Commentaire

I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tunisian police question opposition leader - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Tunisian police questioned main opposition leader Rached Ghannouchi for more than 12 hours overnight, his lawyer said, over terrorism accusations that Ghannouchi, who was also speaker of the dissolved parliament, says are politically motivated. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico
La source: SABCNews - 🏆 37. / 51 Lire la suite »