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Adviser says close to R90 billion in benefits sits unclaimed

Published

Financial adviser Warren Ingram of Galileo Capital says more than R50 billion of the unclaimed money in South Africa is retirement savings. He says people can check for free whether any of it is theirs.

Ingram said the total includes unit trusts, life policies and dormant bank accounts, as well as retirement money. The retirement money is owed to 4.3 million people.

The Financial Sector Conduct Authority (FSCA) offers a free unclaimed benefits search on its website. Ingram said a check takes about ten minutes.

He also said beneficiaries can still claim the benefits of deceased family members.

Key facts

Who
Warren Ingram (Personal financial adviser at Galileo Capital); Financial Sector Conduct Authority (Provides a free unclaimed benefits search on its website)
What
Warren Ingram of Galileo Capital gives advice on checking for unclaimed benefits, saying the total unclaimed figure including unit trusts, life policies and dormant bank accounts is close to R90 billion, and that the FSCA provides a free search.
When
20 October 2026
Where
South Africa
Status
Reported

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