Breaking News

Pension funds investments key to Zimbabwe's economic growth

by Own correspondent
15 February 2013 | 7776 Views
MNCapital and Africonomie, leading International Investment Advisory and Institutional Business Development firms in association with SHAEM Investments, Zimbabwean Emerging Markets Advisory and Communication firm, today announced that, they will host major Zimbabwean and International Pension Funds and Investment Institutions on the 29th and 30th of April 2013 at the Rainbow Towers Hotel in Harare, Zimbabwe.

Following last year's successful event that took place at the Troutbeck Resorts in Nyanga, this second Annual Zimbabwe Pension Funds Investment Forum is set to bring together leaders from various sectors to discuss alternative Investment strategies, legal, regulatory and policy framework, environmental, social and governance (ESG) consideration, fiduciary and other contemporary issues impacting the Zimbabwe Pension Fund industry. This years' major focus will be on Pension Funds investing on local infrastructure projects, agri-business, and private equity and so on.

Across the globe, Pension funds are increasingly looking at infrastructure investment with some investors actively pursuing opportunities in the sector. Pension Funds should promote and protect locally based industry and renovate the country's economic infrastructure. It is a known fact that Pension funds play an important role in the national economy, smartly invested, they provide a mechanism for unlocking savings, stimulating economic growth and ensuring that pensioners are provided for in retirement.

Ntombi Njikigwa, Managing Director at SHAEM Investments said "This is a very important Forum for Zimbabwe, our research has shown that a few Trustees here in Zimbabwe lack the competence and necessary skills to make investment and management decisions consistent with the best interest of beneficiaries. This forum seeks to empower trustees through advanced training requirements, and reinforcing good governance principles and best Fund Investment strategies. The role of trustees is an important aspect of pension fund governance, it will be great to see all Pension Fund Trustee attend this Forum."




Amongst other key objectives of this Forum, the main one is for Principal Officer and Fund Trustees to understand more about investment, both in general investment terms and also investment strategies.

Other objectives include:
- Addressing the implications of Responsible Investing as well as the challenges of implementation.
- Accurately addressing issues on who makes the decisions? Board of Trustees or Service Providers.
- Outline of the role of the Pensions Regulators including an explanation of the Trustee Knowledge and Understanding requirements and the other codes of practice.
- Give a simplified interpretation of Investments, Governance and Fiduciary Advisory needs of Retirement Fund Trustees
- Address in simple terms the role and responsibilities of a Fund Trustee (Guidance and Best Practice)
- Give a clear definition of the role and responsibilities of Asset Consultants and Fund Managers.
- Alternative Investment Strategies for Retirement Funds in Zimbabwe

"Trustees must be made aware of the pensions legislation as it encourages them to carry out their duties with due care. Expert advice on its own is not detrimental to members' interests, but it becomes dangerous if trustees entirely rely on experts especially on basic issues rather than specialised knowledge. The Zimbabwe Pension Fund Investment Forum will focus on soft and core issues trustees need to know" commented Stanley Austin, Managing Partner, Africonomie Group UK.

The 2 Day forum will be chaired by Mrs. Thandiwe Mlobani, Municipal Finance Expert. Other confirmed organisations for this year include the Ministry of Finance Zimbabwe, Insurance and Pensions Commission, Civil Aviation Authority of Zimbabwe, AfriAsia Kingdom Zimbabwe, ZB Financial Holdings, Afre Corporation, Institute of Retirement Funds Southern Africa, AfricaSIF, Independent Actuarial Consultants SA, Africonomie Group, The Financial Gazette, The Rainbow Towers and Airlink SA

Pension Funds

Source: Byo24News

Should Miss World Zimbabwe have been dethroned?

Yes
31.27%
No
64.01%
Not sure
4.72%
339

Comments

News Updates

Email:

Latest News

Dr Mugabe's gracious secret

by Caitlin Kamba | 29 July 2015 | 762 Views

'He pulled my vagina from his pocket' - ritual victim says

by Staff Reporter | 29 July 2015 | 899 Views

Dunlop dismisses about 85 employees

by Stephen Jakes | 29 July 2015 | 569 Views

Haulage trucks should use Hre-Byo highway not Hre-Masvingo - MP

by Thobekile Zhou | 29 July 2015 | 674 Views

HIV+ teacher gets life imprisonment for raping boy

by Staff Reporter | 29 July 2015 | 788 Views

Zimbabwe must not lose sleep over dead lion Cecil - Sikhala

by Stephen Jakes | 29 July 2015 | 860 Views

Grace Mugabe chosen by God says Prophet

by Staff Reporter | 29 July 2015 | 1354 Views

Bev planned her sex acts in UK

by Staff Reporter | 29 July 2015 | 1731 Views

Hooker murders troublesome client after sex

by Staff Reporter | 29 July 2015 | 1488 Views

Mugabe shares bed with teen son

by Thobekile Zhou | 29 July 2015 | 2717 Views

Barclays Africa hastens talks to buy Barclays Zimbabwe

by Agencies | 29 July 2015 | 1418 Views

Girl (7) narrowly escapes rape by a soldier

by Staff Reporter | 29 July 2015 | 1936 Views

I killed Cecil - American hunter confess

by Staff Reporter | 29 July 2015 | 2480 Views

Why do Bulawayo students fail to enroll at NUST? Zanu PF MP ask

by Thobekile Zhou | 29 July 2015 | 2440 Views

Broken down cars cause havoc in parliament

by Thobekile Zhou | 29 July 2015 | 2028 Views

Invitation to the King Mzilikazi commemoration 2015

by Ibutho Lenqama | 29 July 2015 | 1476 Views

If the US dentist lured Cecil out of the park with food, he needs to be hanged

by Ingrid Newkirk, President, PETA U.S. | 29 July 2015 | 1635 Views

'Infrasonic weapon' caused TB Joshua church collapse - academic

by TB Joshua Fans UK Blog | 29 July 2015 | 2623 Views

Desmond Tutu back in hospital

by BBC | 29 July 2015 | 1650 Views

'Obama is a tricky and mischievous politician'

by AP | 29 July 2015 | 3012 Views

State media publishes fictitious interview with MDC-T Secretary-General

by Obert Gutu, MDC-T National Spokesperson | 29 July 2015 | 1951 Views

Thumbs up to early sex - New Bill

by Staff Reporter | 29 July 2015 | 3377 Views

Fire burns down home industries

by Staff Reporter | 29 July 2015 | 2840 Views

Zim music industry dead - Prof Moyo

by Staff Reporter | 29 July 2015 | 2051 Views

Mnangagwa in near embarrassment at Grace Mugabe bash

by Staff Reporter | 29 July 2015 | 5785 Views

Bashing child (12) lands woman (54) in the dock

by Stephen Jakes | 29 July 2015 | 1644 Views

MDC-T has not abandoned its electoral reforms stance

by Stephen Jakes | 29 July 2015 | 1051 Views

Another prophet command congregants to be horses

by Staff Reporter | 29 July 2015 | 3877 Views

Entertainment

Gwanda gospel music extravaganza confirmed

by Staff correspondent in Pretoria South Africa | 29 July 2015 | 725 Views

Bev causes UK man to soil pants

by Bongani Ndlovu | 28 July 2015 | 6164 Views

Maskandi Mtshengiseni Gcwensa dies

by Stephen Jakes | 28 July 2015 | 4424 Views

Let me be! - Acie Lumumba

by TWZ | 28 July 2015 | 2174 Views

Bev returns home

by Staff reporter | 28 July 2015 | 5773 Views

Rapper Chad and Grammy winner Soko partner on EFT single

by Anashe Press Relations | 27 July 2015 | 2316 Views

All set for Chibuku Neshamwari National Finals in Bulawayo

by Thobekile Zhou | 25 July 2015 | 1760 Views

Zimbo Rhumba musician to drop third album

by Mafu Sithabile | 28 July 2015 | 5056 Views
iBlog

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago