An astounding R50 billion in unpaid pensions owed to 5 million South Africans by Radio Islam International published on 2022-10-04T09:12:51Z Open Secrets, together with the Unpaid Benefits Campaign, began an investigation into the potentially unlawful and criminal conduct of fund administrators, asset managers and other financial actors regarding unclaimed pension funds. On the 23rd of October 2019, Open Secrets published the report, The Bottom Line: Who Profits from Unpaid Pensions?, and an accompanying booklet, Look Beyond the Bottom Line, that focused on the role played by big corporations who administer pension funds and found that this resulted in over R50 billion in pensions owed to employees and the beneficiaries. The report also detailed the unlawful cancellation of pension funds between 2007–2013 by the Financial Services Board (FSB). This entailed the mass-cancellation of 6757 orphan pension and provident funds (funds without a board of trustees), many of which contained assets owed to beneficiaries. Open Secrets’ Head of Investigations, Michael Marchant, joined Radio Islam International to discuss this unfortunate situation.