Breaking News

Pension funds investments key to Zimbabwe's economic growth

by Own correspondent
15 February 2013 | 6300 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

Could there be war if Grace Mugabe becomes President?

Yes
75.61%
No
8.94%
Who cares?
15.45%
246

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

The End of Mugabe and Mujuru, rise of Mnangagwa

by Itai Mushekwe | 23 October 2014 | 629 Views

Macheso 'infected' husband with STI just before wedding day

by Staff Reporter | 23 October 2014 | 661 Views

Mnangagwa escapes death by a whisker

by Staff Reporter | 23 October 2014 | 1211 Views

Woman launches new political party - A NEW political party, the Afric...

by Staff Reporter | 22 October 2014 | 1273 Views

Tillage starts at a slow pace

by Staff Reporter | 22 October 2014 | 902 Views

Salaries dominate govt expenditure - Public sector salaries continue t...

by Staff Reporter | 22 October 2014 | 1407 Views

Gun shot in Canada parliament building - Video

by Staff Reporter | 22 October 2014 | 1279 Views

Veld fires kill nine people

by Staff Reporter | 22 October 2014 | 1726 Views

Man threatens to kill dad over money from rent - A disobedient son wen...

by Staff Reporter | 22 October 2014 | 1793 Views

Dr Simba Makoni Leave Dr Grace Mugabe Alone

by Suitable Kajau | 22 October 2014 | 4320 Views

Msipa demanding answers from Mugabe - HARARE - Respected Zanu PF elder...

by Staff Reporter | 22 October 2014 | 4571 Views

'Grace Mugabe a liar' - HARARE - Opposition leader Simba Makoni has br...

by Staff Reporter | 22 October 2014 | 2951 Views

State must have nothing to fear - Dzamara - Over 150 people today turn...

by Itai Dzamara | 22 October 2014 | 2591 Views

'I saw a vision of me ruling the heavenly kingdom' says Grace Mugabe

by Staff Reporter | 22 October 2014 | 4470 Views

Woman says she steals for a living, Magistrate left speechless

by Leonard Ncube | 22 October 2014 | 2494 Views

Cyclist kills pedestrian - A cyclist has been fined $400 for hitting a...

by Staff Reporter | 22 October 2014 | 1472 Views

Mother of Pistorius's girlfriend insists she did not want 'revenge'

by Staff Reporter | 22 October 2014 | 1722 Views

Uniting the Ndebele People - The Mzilikazi Cultural Association, MCA i...

by Mzilikazi Cultural Association | 22 October 2014 | 1524 Views

'Insecure' man locks wife in bedroom until he returns from work

by Staff Reporter | 22 October 2014 | 3685 Views

Wrong Ndebele spellings in Coca-Cola Ads - After launching its "Share...

by Staff Reporter | 22 October 2014 | 3757 Views

Duo arrested for sodomising boy (10) - A 10-year-old boy has allegedly...

by Staff Reporter | 22 October 2014 | 1972 Views

Update from Africa Unity Square - Live Update - This live update is fr...

by Africa Unity Square | 22 October 2014 | 5248 Views

BREAKING: Cops in riot gear chase people from Africa Unity Square

by Concerned Citizen | 22 October 2014 | 5779 Views

Dr Grace Mugabe's tours breathes hope

by Tawanda Museve | 22 October 2014 | 3405 Views

Matebeleland pressure group - cum political party takes Zanu PF war to...

by Tongai Zwayisa | 22 October 2014 | 3134 Views

Power cuts disrupt Sadc conference in Vic Falls

by Staff Reporter | 22 October 2014 | 1670 Views

Ebola vaccine trials in West Africa by January says WHO

by Staff Reporter | 22 October 2014 | 900 Views

Zimbabwean woman and her 3 children die in horrific car crash in Austr...

by Staff Reporter | 22 October 2014 | 3089 Views

Entertainment

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2327 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 4620 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1328 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2309 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1649 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 1882 Views

Grace Mugabe honoured in song - Dancehall outfit Final Warning has rel...

by Tawanda Marwizi | 15 October 2014 | 2352 Views

US firm makes money off Zimbabwe concept - United States transport sh...

by Staff reporter | 14 October 2014 | 2952 Views
iBlog

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago