THE Insurance and Pensions Commission (Ipec) has urged the pensions industry to move away from passive capital preservation and focus on generating real returns through active management and strategic diversification. In Zimbabwe, passive capital preservation is centred on protecting retirement savings from high inflation and currency depreciation, a necessary response after pension funds lost significant…
Aim higher, pension funds told
The Insurance and Pensions Commission's (IPEC) first quarter reports on the life assurance, funeral assurance, short-term insurance and pensions sectors show that the industry is relying heavily on existing policyholders, investment income and improved underwriting performance to drive earnings.