Zimbabwe's Ipec sues 50 pension funds for non-submission of compensation schemes by Dec 31, 2023.
Zimbabwe's Insurance and Pensions Commission (Ipec) is suing 50 pension funds for not submitting compensation schemes by Dec 31, 2023, as they aimed to review and approve plans for insurance and pension policy losses during 2009's hyperinflation. Out of 1,264 funds, only 1,200 submitted plans, but only one met requirements. Ipec is addressing data issues and working with stakeholders to find a solution for pensioners.
July 01, 2024
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