this blog post willg to the pension fund department
1. DEFINED CONTRIBUTION FUND: A defined contribution fund is a fund that provides benefits on retirement that are based on the accumu-lated contributions made to the fund by the member, employer (if any), as well as the investment returns earned by these amounts. Expenses incurred in the management and administration of a fund can be Read more about DISTINCTION BETWEEN DEFINED CONTRIBUTION FUNDS & DEFINED BENEFIT FUNDS[…]
NAMFISA’s primary role is to regulate and supervise non-bank financial institu-tions to ensure soundness of institutions and integrity of the financial contracts between these organisations and their clients or members. NAMFISA has a critical role to play in ensuring that the non-banking financial sector is hon-est and transparent. In order to do that, NAMFISA also Read more about Regulations of pension funds[…]
If you were offered the chance to turn N$10 into N$100, there’s a good chance you’d be interested. Then, if you were told you were putting this money into an official scheme where the employer also adds a couple of dollars, so you in turn only needed to put in N$8, that would likely make Read more about Why should I save for Retirement?[…]