Zimbabwe's Ipec disqualifies unqualified, overserving pension fund trustees, starting this week.

Zimbabwe's Insurance and Pensions Commission (Ipec) will disqualify pension fund trustees lacking minimum qualifications or exceeding term limits, starting this week. Findings revealed over 37% of trustees have served more than 10 years, with 18% unqualified. Ipec aims to enhance governance and oversight in pension funds, having previously allowed non-compliant trustees a grace period to vacate their positions. Approximately 80% of boards reportedly lack the necessary qualifications.

October 09, 2024
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