Zambia. Pensions Authority urges strong gov­ernance in pen­sion sec­tor

PENSIONS and Insur­ance Author­ity (PIA) regis­trar and chief exec­ut­ive officer Namakau Ntini says strong gov­ernance is the found­a­tion of sus­tain­able pen­sion sys­tems as it pro­motes account­ab­il­ity, trans­par­ency and prudent man­age­ment of retire­ment sav­ings. Mrs Ntini said the pen­sion industry is oper­at­ing in an increas­ingly com­plex envir­on­ment char­ac­ter­ised by eco­nomic uncer­tainty, chan­ging demo­graph­ics, tech­no­lo­gical dis­rup­tion, cli­mate-related risks and evolving mem­ber expect­a­tions. She said strong gov­ernance remains the found­a­tion upon which sus­tain­able pen­sion sys­tems are built, as it pro­motes account­ab­il­ity, prudent decision-mak­ing, trans­par­ency,...