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South Africa’s financial regulator has suggested putting all the stray money knocking around in the industry into a single pot that could fund social development projects – but your assets will never be forfeited.
In many cases, particularly with life insurance policies, insurers are often unable to trace beneficiaries who are due a payout because their contact details have not been updated, or the beneficiaries are not aware that they are even listed as a policy beneficiary. In many cases, particularly...