Wed, 24 May 2017 11:55:53 +0000 By NATION REPORTER PENSION fund managers who illegally externalized millions of pension funds are trying to block a meeting of the Board of Trustees scheduled for today which planned among other things to scrutinize a numbere of irregularities exposed by an inspection report. A total of ZMK 399,472,260.00 belonging to the Saturnia Regna Pension Trust Fund was externalized to Luxembourg without the authority of the minister and the knowledge of the Board of Trustees according to the inspection report by the Pension and Insurance Authority conducted between 11 to 19 April 2016. Defying a court ruling which validated the Board of Trustees on 3 May after throwing out two injunctions, the Fund Manager Benefits Consulting Services Limited a company owned by Munakupya Hantuba, Hakainde Hichilema and Valentine Chitalu through Menel Management Services has written to the Trustees restraining them from holding a meeting today to scrutinize the affairs of […]
