Pension industry as at 2024:  489 active funds account for 50,6% of industry funds

Staff Writer HARARE, The pensions industry closed 2024 with 967 registered occupational pension funds compared to 965 funds in the prior year. Of the 967 funds, 489 were active, accounting for 50.6% of the industry’s funds. The remaining 478 funds were inactive as they were either paid up or earmarked for dissolution. Of the total funds, 34 pension funds were defined benefit schemes, 3 were hybrids and 930 were defined contribution schemes. As at the date of reporting, the industry had 953 funds which outsourced fund administration services. This comprised 799 insured funds and 154 self-administered funds. The other 14 are standalone funds, which are self-managed. As at 31 December 2024, there were 14 registered fund administrators. Of these, five are independent, while the remaining nine are registered life assurance companies engaged in fund administration. source IPEC Q4 2024 pensions report Fund Registrations

A total of 5 pension funds were registered during the year ended 31 December 2024 namely Bubi RDC, Contact Family Counselling Centre Provident Fund, Donhodzo Micro-Pension Fund, Medical and Allied Industry and Africa University Provident Fund.

Chipper, under Zimnat, was erroneously reported in the prior quarter as registered, yet unregistered.

Pension scheme sponsors and administrators should ensure

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Healthy beginnings, fragile systems: Antenatal care should become a national priority in Zim

Staff Writer

HARARE: Attending antenatal clinics or classes is important for the well-being of pregnant women and their babies as it equips them with knowledge, exposes them to screening and treatment for any health issues, Cimas Health Group’s doctor Martin Chirara has noted.

Dr Chirara was commenting in light of the theme for the recently commemorated World Health Day, “Healthy Beginnings, Hopeful

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ICZ launches integrated call centre 591

Staff Writer

Harare, The Insurance Council of Zimbabwe (ICZ) has launched an integrated emergency call centre (591), accessible free across the country’s networks and linked to critical emergency services.

Chairman David Nyabadza, at the launch said the toll-free call centre is directly integrated with critical emergency services, such as the Zimbabwe Republic Police (ZRP), ambulance services, insurers

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Macroeconomic stability a prerequisite for value preservation: RBZ

Staff Writer

HARARE, The Reserve Bank of Zimbabwe (RBZ) says pensions provide financial security and dignity in retirement, encouraging long-term savings and contributing significantly to national capital formation.

Governor Dr John Mushayavanhu, at a recent media awards ceremony, said importantly, the insurance and pensions industry in Zimbabwe has been playing a critical role in mobilising domestic

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IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony

IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony

Harare: The Insurance and Pensions Commission (IPEC) on Monday held the Board and Management Integrity Sensitisation and Integrity Pledge Signing Ceremony, reinforcing its unwavering commitment to ethical governance and transparency.

The Zimbabwe Anti-Corruption Commission (ZACC) facilitated the ceremony held in Harare for the IPEC

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Insurance industry advised to think about optionality

Staff writer

Insurance industry players have been advised to think about optionality when considering deals at a time. 2025 is promising to reflect an increase in transactions compared to prior years, Insurance24 reports.

This comes as an expert has warned that deals do not always work out, thus a need to have the capacity to deal with the aftermath.

Presenting on mergers, acquisitions, and strategic

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