Retirement Fund Solutions
Benchmark Retirement Fund
This year marks a very special occasion in the life of Retirement Fund Solutions Namibia. The company was incorporated on 19 August 1999 and commenced business on 1 September the same year. The company has therefore been in business for 20 years.
Despite the challenging operating environment and the proliferation of regulatory requirements, the Fund continues to grow, with new participating employers joining the Fund as well as with a growing number of members preserving their retirement capital in the Fund or choosing to draw monthly pensions from the Fund.
The Minister of Justice issued a second draft amendment to the Administration of Estates Act (AoEA) following a stakeholders meeting held on 10 July, that would bring about changes to the previously promulgated amendments of 31 December 2018 and draft regulations. For the purpose of this analysis, I will not consider the previous draft amendment issued in July. I presume that the regulations on the ‘governance framework of the Guardians Fund’ and on ‘Knowledge management and financial administration regulations of the guardians fund’ are to remain in place and for completeness of my analysis my comments in last month’s newsletter are repeated below.
Managed by Namibians. Trusted by Namibians.
Efficient. Trusted. Namibian.