By GANDY GANDIDZANWA & ITAI MUKADIRA
At a very young age, there is one principle we all learn – if not sure of what to do, look at what others are doing. The Zimbabwe pension fund industry, nearly 45 years old now under the current defined contribution regime, seems to have skipped that life skills lesson in its pre-adolescence. In a world where knowledge is now freely available, there are no excuses for getting it wrong anymore. It cannot be that we remain stuck with an ineffective industry structure when others have long moved on. Technology being our enabler, we should be where others are, from both a product designing and industry organisational structure perspective. But who are the dominant global powerhouses in the pension fund management space?
Pension Fund Management and Administration Interesting to note that most countries have moved towards Defined Contribution (DC) schemes over the last four decades, except for Switzerland and the Netherlands, where Defined Benefit (DB) schemes are still prevalent. In fact, Netherlands is leaning more towards Collective Defined Contribution (CDC) Schemes, which are Defined Contributions where risks are pooled and shared.
Continue reading….On the Ivy League of Pension Systems Global Powerhouses – DISCUSS IN AUS
