Staff Writer
Harare, Total expenditure for Pension Fund Administrators amounted to $96 billion in the quarter to March 2024, against an income of $70,7 billion, resulting in a loss of $25,5 bln.
According to the Ipec Pensions Report for the quarter under review total expenditure was mainly comprised of salaries and wages, operating expenses, commissions and rentals.
Salaries and wages at $50,51 billion
Staff writer
Insurance and Pensions industry regulator, IPEC has stopped dissolutions of about 372 funds that were earmarked for dissolution to allow conclusion of the pre-2009 compensation.
The Justice George Smith-led Commission of Inquiry constituted in 2015 found some policyholders and pension scheme members were prejudiced by the conversion process during dollarization and recommended they be
Staff Writer
Insurance industry regulator, Ipec says life assurers should take appropriate measures to safeguard their products from possible abuse in high-risk jurisdictions where they are offering services.
In its life assurance report for the March 2024 quarter, Ipec said six life assurances indicated the existence of branches in areas considered to be domestic high-risk areas, such as artisanal
HARARE, When authorities in 2022 sought to compensate for loss of value caused by the 2019 currency changes through a US$75 million Kuvimba disbursement, the process was met with several hurdles.
Key among the hurdles in this compensation, was data integrity and the Treasury made several calls for the regulator, the Insurance and Pensions Commission (Ipec), to ensure the matter was resolved.
Treasury
By Gandy Gandidzanwa and Itai Mukadira
If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared
Staff Writer
HARARE, WOMEN In Insurance Zimbabwe (WIZ) has moved to promote professionalism and support the growing number of women in the insurance industry through a mentorship programme.
The mentorship program launched on Monday was attended by over 60 participants across Africa as it aims to address the lack of accessible mentorship opportunities that many young professionals and university students
By Gandy Gandidzanwa and Itai Mukadira
Most retirement fund members continue to struggle to secure housing finance despite having accumulated significant pension fund credits. Most are not able to buy residential properties, not only in the urban centres, but also even in the hometowns of the rural areas they retreat to at retirement.
The general home loan market is characterized by a predominance
Staff Writer
The Association of Investment Managers of Zimbabwe (AIMZ) has joined the membership of the Pan African Fund Managers Association (PAFMA), an esteemed trade association dedicated to enhancing climate finance across the African continent.
Since its landmark introduction at the Africa Climate Summit in 2023, PAFMA has rapidly grown, now boasting nine members representing 16 African
By Gandy Gandidzanwa & Itai Mukadira
That who ultimately pays for the cost of regulation in the pension fund industry has long been resolved and we are not even going to labour that much on it in this thought piece. Suffice to say of course that, the same parties, the members, that the regulation is crafted to protect, are the same parties that ultimately pay for its implementation, monitoring,
Zim/Africa needs to embrace trade credit insurance
Staff Writer
ZIMBABWE and Africa need to embrace trade credit insurance as it helps to close a number for gaps in the financial markets, providing and additional of security, Insurance24 reports.
Trade credit insurance is a type of business policy that protects a company’s accounts receivables against losses