FINANCE minister Mthuli Ncube says the persistently low compliance with prescribed asset investments among insurers and pension funds is due to liquidity challenges in the industry.
According to the industry regulator — Insurance and Pensions Commission (Ipec) — only short-term reinsurance players collectively managed to meet their minimum required threshold of 10 percent during the first quarter of 2021, recording 17 percent compliance levels.
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IPEC commissioner, Gace Muradzikwa
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