Retirement fund ordered to pay fraud victim’s R800 000 benefit
A pension fund mistakenly paid out a fraudulent claim to a syndicate while the rightful member was in prison.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreA pension fund mistakenly paid out a fraudulent claim to a syndicate while the rightful member was in prison.
The pension or provident fund is likely to have additional risk benefits that may change significantly when you leave your current company.