THE Insurance and Pensions Commission (Ipec) has noted a 104 percent rise in unclaimed benefits in the pensions sector. This climbed to US$14,25 million for the quarter ending December 2024, up from the US$7 million recorded in the same period the year before. Unclaimed pension benefits are funds owed to members or their beneficiaries of…
Unclaimed pension benefits surge 104 percent
Pension funds are among the largest pools of long-term capital in the country.