ZIMBABWE is currently reviewing the regulatory framework of the National Social Security Authority (NSSA) to align it with best international practice, it has been learnt.
This comes as the Insurance and Pensions Commission (IPEC) has over the years persistently lobbied for NSSA to fall under its purview, amid numerous reports of corporate governance issues at the country’s biggest pension fund.
“We are currently in discussions with the ministry of Finance on whether NSSA should be regulated by IPEC,” Labour minister Sekai Nzenza told The Financial Gazette this week.
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NSSA is a pension with about a $1,2 billion asset base and more than $300 million of contributions annually.
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