Pension funds at K450bn | The Times Group:
As Challenges continue to face implementation of the mandatory 2011 Pensions Act, the Reserve
Bank of Malawi (RBM) has expressed satisfaction with the growth that has been registered since
the new act was introduced six years ago. RBM Deputy Governor, Grant Kabango, said, in that time, pension funds have grown from K59
billion to K450 billion as of June 2017. Kabango further said the number of employees on pension has doubled from 102,505 to 259,743.
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As Challenges continue to face implementation of the mandatory 2011 Pensions Act, the Reserve
Bank of Malawi (RBM) has expressed satisfaction with the growth that has been registered since
the new act was introduced six years ago. RBM Deputy Governor, Grant Kabango, said, in that time, pension funds have grown from K59
billion to K450 billion as of June 2017. Kabango further said the number of employees on pension has doubled from 102,505 to 259,743.
x
'via Blog this'
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