What are retirement annuities (RA’s)? RA‘s are safe forms of long-term savings plans where you pay a monthly premium into the retirement annuity plan and in return, upon retirement receive a monthly payment for the rest of your life. An annuity is a long term insurance product that pays out income and can be used Read more about LIFE ASSURANCE: Retirement Annuities[…]
The launch of the national Financial Literacy Initiative (FLI) coincided with the commemoration of the World Consumer Rights Day, the 15th of March un-der the theme “our money, our rights”. The Minister of Finance, Honourable Sara Kuugongelwa-Amadhila, launched the Initiative. During the launch, the Honourable Minister provided an insight into the importance of having a Read more about THE FINANCIAL LITERACY INITIATIVE A new national platform to enhance financial education[…]
In the first edition of Consumer Education Bulletin this year, I highlighted NAMFISA’s role as being critical for the achievement of the effectiveness and efficiency of the financial sector, alleviation of poverty and reduction of unem-ployment, protection of consumers, enhancing consumer financial literacy and ultimately the attainment of Vision 2030. One of the key strategic Read more about FROM THE CEO’s Office[…]
As far as your personal goals are and what you actually want to do with your life, it should never have to do with the government. You should never depend on the government for your retirement, your financial secu-rity, for anything. – Drew Carey