Ipec targets higher pension values

THE Insurance and Pensions Commission (Ipec) says it is working with industry to improve pension benefits, which it says are currently “very low”.
In its latest report on local pension funds, Ipec said the subsector’s asset base of $488,12 billion as at March 31, 2022, translates to an average asset share per member, including beneficiaries, of $511 444,42 compared to $189 425,49 as at March 31, 2021.