Image
Icon

Directory

IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconBenefit Administrators & Investment Managers
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconEmployee Benefits Consultants
IconFinancial Planners
IconIndependent Principal Officer
IconIndependent Trustees
IconOmbud
IconPension Fund Trustee Liability Insurance
IconPension Fund Trustee Training
IconPension Funds Adjudicator
IconPublications
IconRegulatory Authorities
IconRetirement Advice
IconRetirement Funds registered by the FSB
IconRetirement Products
IconSocial Grants (Government)
IconTrust Establishment & Management
IconWellness Programs
Image
  Subscribe To »

Liberty enhances governance of its Unclaimed Benefits Funds

Published

2018

Tue

28

Aug

Liberty Corporate is pleased to announce the appointment of Mr Douglas Maila and Mr Jerry Mnisi as independent trustees of the group’s Unclaimed Benefits Funds (the Funds).  These highly respected individuals bring with them a wealth of industry experience and will enhance the corporate governance of the Funds.

Mr Maila is a well-known and esteemed former unionist who served as a member elected trustee of the Kimberly Clark Provident Fund for 15 years. He has been instrumental in highlighting the plight of retirement fund members and has played a role in educating communities on unclaimed and unpaid retirement fund benefits.

Mr Mnisi has spent most of his professional career serving in the investments and the retirement funds industry. His career includes working for STANLIB, Old Mutual and RMB.  He currently does not hold any executive responsibility and acts as a director to certain STANLIB subsidiaries. He serves as Chair of Southern African Music Rights Organisation (SAMRO), and as independent trustee of their retirement fund.

Commenting on the appointments, Liberty Corporate Chief Executive Tiaan Kotze said: “We take the issue of unclaimed benefits seriously and continue to make good progress on this industry-wide issue. I would like to thank both Douglas Maila and Jerry Mnisi for their willingness to serve members through their appointment to the Liberty Unclaimed Benefits Fund; their appointment significantly enhances the voice of the member in the governance of the funds.

Kotze went on to say that “We have also significantly increased our capacity to trace and pay unclaimed benefits and increased our engagement with community bodies. In addition we've accelerated our employer and member education efforts in order to reduce the incidence of unclaimed benefits in future.”

Liberty is committed to addressing the issue of unclaimed benefits and currently working with all relevant stakeholders to ensure that all members that are due benefits are paid.  

 
Source: Brunswick South Africa
 
« Back to previous page Print this page » |
 

Breaking News »

Longevity in estate planning

Willie Fourie, Head of Estate and Trust advisory services at PSG Wealth We often think of longevity when it comes to financial planning, but there is also something to be said for considering the longevity of ...
Read More »

  

Short-term insurance savvy goes the distance

Short-term insurance savvy goes the distance In the spirit of Spring, here are some top tips for women to follow to refresh their short-term insurance cover, while staying both cost-effective and safe. Relook ...
Read More »

  

Gender matters: For Women, healthcare and retirement planning challenges are often greater and more complex

Women typically face a greater retirement savings shortfall than their male counterparts. A longer life expectancy coupled with lower compensation throughout their lifetime creates a larger financial burden ...
Read More »

  

Introducing Our New Website!

The Insurance Gateway® team is excited to share our new website with you. Given our strategic objectives for 2019 and the fact that our last website redesign was over five years ago, we decided on a much anticipated ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Short-term »

Advertise Here
Image
Advertise Here

From The Glossary »

Icon

Reinsurance Outwards:

See reinsurance ceded.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2019. All Rights Reserved.