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



  • Liberty has significantly increased tracing capability and resources and we are actively locating 75 000 unclaimed fund members out of a total of 100 000.
  • Liberty is working with Trustees of administered occupational funds to improve their unclaimed benefit outcome. We have also engaged with industry bodies, such as the Unclaimed Benefit Campaign, and are in the process of tracing their members against Liberty records.
  • All Liberty unclaimed benefit members have been loaded onto the Financial Sector Conduct Authority (FSCA) database to enhance the FSCA’s industry tracing mechanism
  • Liberty will participate in a FSCA community initiative, the Money Smart Week, providing on the ground unclaimed benefit search capability within communities across four different locations during October 2018.
  • Liberty has recently enhanced the governance of its Unclaimed Benefit Funds with the appointment of Jerry Mnisi and Maila Douglas as independent Trustees.  Mr Mnisi was Head of Institutional Distribution at STANLIB Asset Management and a director of STANLIB Swaziland, Namibia, Lesotho and Botswana until 2016. He also served on the Board of SAMRO, where he was a member of the Remuneration Committee and Chairman of the Audit & Risk Committee. Mr Douglas is a well-known and respected former unionist and served as trustee of the Kimberly Clark Provident Fund for 15 years.





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

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