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
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
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%
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
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
“It’s really scary. You don’t know what you’re going to face everyday,” Lizzy tells Newsbeat.
She’s a student nurse and is on placement at the moment. Like many others working in a hospital right now, she’s finding it tough.
But the difference for Lizzy and other student nurses and midwives is they’ve not been getting paid.
This means they don’t
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
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
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,
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