Farai Mabeza, Senior Staff Writer 
17
A NEW Insurance and Pensions Commission (Ipec) report shows that prescribed asset investment compliance remains low among pension funds, with only 16 of 615 active occupational funds meeting the minimum regulatory threshold of 20 percent of total assets.
Advertisements
Industry players say that inflation is the main impediment to compliance as they focus on preserving value for fund members.
According to the Ipec 2022 Q2 pensions report, prescribed assets amounting to $63 billion constituted eight percent of the industry’s total assets as at June 30, 2022.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased
