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Unclaimed Benefits

Unclaimed Benefits
Did you or a relative of yours leave an employer without claiming your pension benefit?

An "unclaimed" benefit, as defined by legislation, is a benefit that has not been paid to or claimed by a member within 24 months from the date it became due for payment or claiming. These benefits are due to members of a pension or provident fund, or a possible beneficiary of a member who belonged to such a fund and who did not claim their benefit when their employment ended.

“Unclaimed benefits” are a widespread issue in the retirement fund industry across South Africa. Industry statistics currently place the value in excess of R42bn with approximately 4.5 million unclaimed members.

Why do unclaimed benefits exist?

Unclaimed benefits from pension funds exist for a number of reasons, from member and beneficiary details not being updated, to fund members not informing their dependents about these benefits.

Liberty Corporate's Unclaimed Benefits

Liberty Corporate currently has approximately 100,000 members and R1bn in assets within its Unclaimed Benefit Fund. The Unclaimed Benefit Fund is a Liberty sponsored fund into which unclaimed benefits from occupational funds can be transferred.

What is Liberty doing to address the issue of Unclaimed Benefits?

Liberty is working with trustees of administered occupational funds to improve their unclaimed benefit outcome for both existing claims as well as the prevention of future unclaimed benefits.

Fund Deregistration Project

Over the course of 2007-2013, the South African pension fund industry embarked on a wide scale project to deregister dormant retirement funds. These were mostly funds without boards of trustees in place. Over 4,600 retirement funds were deregistered across the industry (the Deregistration Project).

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Here is a list of previous employers that have unclaimed benefits with Liberty.

Click the button below to see if you may be entitled to a benefit which hasn't been paid out.

Click below to search for benefits on the FSCA website

Click below for the FAQ

Unclaimed Benefits FAQ


Liberty Group Limited (Reg. no 1957/002788/06) is a licensed Insurer and an Authorised Financial Services Provider (no 2409).