By BUUMBA CHIMBULUVARIOUS regulatory frameworks meant to facilitate the growth of the pensions and insurance industries while protecting policy holders have been put in place by Government.While some measures have been revised to suit the current macroeconomic situation, the market has experienced new developments in an effort to protect policyholders and support pensioners.The revised guidelines have been developed to be more responsive to economic and emerging investment opportunities, says Pensions and Insurance Authority (PIA) acting Registrar, Tresford Chiyavula.Mr Chiyavula said PIA welcomed the revision of the Pension Scheme Investment Guidelines Regulations, Statutory Instrument No. 50 of 2021.The salient features of the Investment Guidelines include; removed minimum limits on collective investments schemes and corporate bonds, increased threshold in investment classes and introduction of new investment classes.He told the media yesterday in Lusaka that Pension Funds played a pivotal role in a country’s development and in contributing to economic growth particularly through providing financing to productive investment […]
PENSIONS AND INSURANCE GROWTH ENHANCED
