Staff Writer
GOVERNMENT has implored pension funds to urgently invest in data in management systems as unclaimed benefits soar 62% with backlog stemming from administrative challenges, Insurance 24 reports.
Ordinarily,unclaimed benefits imply to pension benefit that has become legaly due for payment for which no claim has been lodged and, it has remained unpaid to the member or beneficiary for a period
Go back to basics- pensions industry told
Staff writer
The pensions industry must go back to basics and find its green path by looking at what matters to the economy, it has emerged.
This was revealed by Nyaradzo Asset Management GM Onismas Karakadzai at the ongoing Zimbabwe Association of Pension Funds 50th Annual conference in Victoria Falls this morning.
Karakadzai who was navigating Zimbabwe’s
Staff Writer
THE pension industry needs to start looking at micro- pensions schemes while addressing the issue of poverty inorder for pensions funds to work again in Zimbabwe in the midst of a myriad propositions, Insurance 24 reports
The propositions are coming at a time the industry has over the decades battling numerous challenges including loss of value, low contributions and loss of confidence
Staff Writer
Vic Falls: The Zimbabwe Association of Pension Funds (ZAPF) 50th annual conference and general meeting kicked off in the resort town of Victoria Falls this morning with the fund celebrating its 50th anniversary.
The annual conference is running under the theme 50 Years Together: Shaping Tomorrow,Today. Building on the past ,embracing the future.
Giving his opening remarks,ZAPF chairperson
HARARE, 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 against the rate of currency
Staff Writer
HARARE: The regulation of Medical Aid Societies in Zimbabwe is sadly inadequate, according to Itai Rusike, Executive Director of the Community Working Group on Health (CWGH).
In a statement, he said the Ministry of Health and Child Care (MOHCC) lacks the capacity to effectively regulate these societies, and the proposed new bill aimed at creating a Regulatory Authority should strive to
By Kuda Mundowozi
In recent years, governments across the globe, including Zimbabwe, have increasingly granted prescribed asset status to infrastructure and renewable energy projects such as solar farms. This move is intended to attract pension fund investments by offering these projects as viable, long-term alternatives for portfolio diversification. The logic behind this strategy is twofold: to
Staff Writer
Cancer remains one of the most pressing public health challenges in Zimbabwe, with cervical and breast cancers leading the burden among women.
According to the World Health Organization (WHO), cervical cancer is the second most common cancer affecting Zimbabwean women, with an estimated 1,000 new cases diagnosed annually.
Breast cancer continues to be a major contributor to cancer-related
Pension Funds Eye Infrastructure and Solar Projects as Prescribed Assets
…but are they truly safe Insu24_Newsletter May Issue
Staff Writer
Insurance and pensions industry regulator, IPEC says the life assurance industry is moving long term products to pre-dominantly annually renewable products which is inconsistent with the spirit and intention of the Funeral Directive.
According to the Q4 2024, life assurance report, the direct life insurers reported insurance revenue of ZiG3.15 billion, equivalent to US$175 million, during