State of the Pension Fund Industry- Issue 1 of 2021

Our valued readers today we publish the first series of the State of the Pension Fund Industry report by RIMCA. Please note we will be publishing a continuation of the series every month.

State of the Pension Fund Industry- Issue 1 of 2021

 4 Decades On – How Well Has the Corporate Defined Contribution Pension Regime Fared!

(Part I of a Series)

AN accidental discovery of a loophole in a piece of

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Partnerships open powerful opportunities for positive change: Old Mutual

Partnerships open powerful opportunities for positive change: Old Mutual

Staff Reporter

HARARE, OLD Mutual Group has honoured partners who have worked with it to positively impact the lives of stakeholders, customers and communities across the continent.

The positive power of partnerships was celebrated at the second annual Old Mutual Partnership Awards ceremony held recently.

The Partnership Awards

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FMHL says new partner to enhance group’s growth prospects

FMHL says new partner to enhance group’s growth prospects

Staff  Reporter

FIRST Mutual Holdings (FMHL) says the new strategic partner that biggest shareholder NSSA, intends to bring will enhance the group’s growth prospects.

This comes as NSSA has announced its intention to reduce its stake in First Mutual Holdings Limited (“FMHL”) from the current 66.22% to 35% through offloading up to 31.22%

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ZAPF 4TH QUARTER 2020 MAGAZINE

THE ZAPF 4TH QUARTER 2020 MAGAZINE

THE COVID 19 pandemic will be with us for an unknown period. This is the new normal. It has called for an absolute new way of doing business. Pension Funds have to adapt to the new changes in order to survive the ongoing macro-economic turbulences. Read through the ZAPF 4th quarter magazine, to get an insight, on how the sector is adapting to new ways

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Broker’s premium income in massive growth

Broker’s premium income in massive growth

Staff Reporter

HARARE, Premium income for the quarter ended September 30, 2020 for the insurance brokers increased by 785% in nominal terms to $2,4 billion from $268.68 million recorded during the comparative period driven by gradual premium increases in line with inflationary trends.

Net

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Insurers must pay small firms for Covid lockdown losses

Tens of thousands of small businesses will receive insurance payouts covering losses from the first national lockdown, following a court ruling.

The Supreme Court found largely in favour of small firms receiving payments from business interruption insurance policies.

For some businesses it could provide a lifeline, allowing them to trade beyond the coronavirus crisis.

The ruling could cost the insurance

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NSSA refocuses investment strategy

NSSA refocuses investment strategy

Staff Writer

HARARE, The National Social Security Authority (NSSA) says it is currently implementing a refocus strategy that involves divesture, consolidation, and optimisation of its investments to unlock value for the benefit of its members who include pensioners and contributors.

Arthur  Manase, NSSA’s General Manager, in a statement said the authority will

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IPEC applauds funeral assurance sector for dignified send-offs

IPEC applauds funeral assurance sector for dignified send-offs

Staff Writer

HARARE, INSURANCE industry regulator, IPEC has applauded the funeral assurance sector for the role they are playing in giving dignified send-offs loved ones even under difficult circumstances brought about by the Covid 19 pandemic.

Grace Muradzikwa, the Commissioner Insurance, Pension & Provident Funds, said the Commission,

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FHML lifts ZSE turnover

FHML lifts ZSE turnover

HARARE, Insurer, First Mutual Holdings was among Wednesday’s top performers on the Zimbabwe Stock Exchange (ZSE), after trading $35,9 million worth of shares. This saw turnover for the day reaching
$88,7 million from 8,1 million shares, supported also by a good trade values in Delta which traded $24,6 million. The All Share Index was down 0,88 percent to close at 2,451,05

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