Opera News

Opera News App Download

A warning that has been issued to the people of South Africa

Mahwira
2020-10-17 17:02:53

The SABC news has reported of a caution that has been issued to the people of South Africa. It is stated that the Fiscal Sector Conduct Authority of South Africa has warned the people against the use of unscrupulous tracing agents who are not linked to pension funds if they want to find out if they have unclaimed funds or not.

Its highlighted that close to 4.8 million South Africans are yet to claim their pension savings which are now at R43 billion.

The FSCA's retirements manager Sanele Magazi is reported to have warned that the self proclaimed tracing agents have seen opportunities to take advantage of the vulnerable.He said that they do not assist with anything. He added that real pension fund tracers do not have details on how much is owed to specific individuals as those details can only be found within the actual pension funds.

The manager is reported to have highlighted that some South Africans may not have been aware that they have been contributing towards Pension Fund .He also added that the tracing is for free especially from genuine tracers.

Sources: SABC News

https://www.sabcnews.com/sabcnews/over-4-million-south-africans-have-not-claimed-their-pension-savings-fsca/

Content created and supplied by: Mahwira (via Opera News )

Tags:      

FSCA SABC News Sanele Magazi South Africa South Africans
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

COMMENTS

YOU MAY LIKE

"President Cyril Ramaphosa Is It Okay For You To Ignore Me"- Pearl Thusi

5h ago

38 🔥

Former Department of Health Members Arrested By The Hawks

5h ago

41 🔥

Former Department of Health Members Arrested By The Hawks

Aka Takes A Jab At President Cyril Ramaposa

5h ago

8 🔥

Aka Takes A Jab At President Cyril Ramaposa

"President Cyril Ramaphosa Is Ignoring My Messages"- Pearl Thusi

5h ago

57 🔥

Opinion - Lessons From the Current MDC Debacle

5h ago

4 🔥

Opinion - Lessons From the Current MDC Debacle

Do you still remember how Katlego Maboe destroyed Lorna Maseko’s marriage? Karma has all addresses

5h ago

5332 🔥

Do you still remember how Katlego Maboe destroyed Lorna Maseko’s marriage? Karma has all addresses

Uthando Nesthembu Mseleku plans to get married to another MaKhumalo.

5h ago

135 🔥

Uthando Nesthembu Mseleku plans to get married to another MaKhumalo.

A look into Khathaza's lifestyle

5h ago

994 🔥

A look into Khathaza's lifestyle

Bosasa's Angelo Agrizzi Had A Heart Attack And Surrounded By Nine Guards

5h ago

42 🔥

Bosasa's Angelo Agrizzi Had A Heart Attack And Surrounded By Nine Guards

Assets worth more than R100 million have been discovered from an accused fraudulent businessman

5h ago

1279 🔥

Assets worth more than R100 million have been discovered from an accused fraudulent businessman