Zambia. Investment of Pension Funds: Part 1

It is widely recognised that a pension scheme represents a long-term contract between the employer as sponsor and the members. In this arrangement, employees give up part of the current salary through pension contributions in exchange for future retirement benefits. It is, therefore important that pension funds are properly invested in order to get good returns for the pension scheme members. To achieve this, we need an enabling environment and appropriate institutions to ‘grow’ pension funds. Government has established the environment...