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Home » IPEC proposes safety net fund

IPEC proposes safety net fund

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THE Insurance and Pensions Commission (IPEC) has proposed the setting up of a safety net as a possible avenue of recourse for those affected by hyperinflation. After the introduction of the multicurrency system in 2009, insurers and pension funds appointed actuaries to carry out a conversion of all Zim dollar policies into US dollar values.…

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