Zimbabwe's Insurance and Pensions Commission (IPEC) published a Pensions Awareness Day message reaffirming its commitment to revitalising long-term savings through the pensions industry, while acknowledging that past losses have shaped subsequent policy, regulatory and sector-specific reforms. The statement also urged Zimbabweans to prioritise retirement planning as a social security issue with implications for individuals and the State. Work under way with Government, pension funds and other stakeholders is framed around improving retirement outcomes across public and private occupational pension schemes. IPEC set out five desired outcomes for an effective pension system: adequate benefits to protect against poverty in old age, sustainability of scheme design, affordability for individuals and Government, efficiency in administration costs, and broader coverage and inclusion, particularly for informal sector workers and other vulnerable groups.
Zimbabwe Insurance and Pensions Commission 2025-09-15
Zimbabwe's Insurance and Pensions Commission urges retirement planning and outlines five desired outcomes for an effective pension system
Zimbabwe's Insurance and Pensions Commission (IPEC) reaffirmed its commitment to revitalizing long-term savings through the pensions industry, emphasizing retirement planning as a social security issue. IPEC outlined five desired outcomes for an effective pension system: adequate benefits, sustainability, affordability, administrative efficiency, and broader coverage, especially for informal sector workers and vulnerable groups.