20 Feb

Darlington Musarurwa Deputy News Editor The Insurance and Pensions Commission (IPEC) has, with immediate effect, suspended six executives of the Unified Councils Pension Fund (UCPF), which pools resources from all the country’s rural district council workers and some urban authorities, and nullified the appointment of its board of…

15 Feb

Africa Moyo Business Reporter THE Insurance and Pension Commission (IPEC), an industry regulator, has closed down more than 224 occupational pension funds in the past 13 months as they had become unviable. Occupational pension funds usually manage collective retirement schemes, which help employees when they retire. In order…

12 Feb

Golden Sibanda Senior Business Reporter SOME insurance firms have not been subjecting directors to fit and probity tests as required by law, exposing clients and the multi-billion dollar industry to risk posed by executives or senior managers with questionable capacity or integrity, it has been learnt. Insurance companies…

06 Dec

THE Insurance and Pensions Commission (Ipec) is revamping corporate governance practices in the industry to ensure proper claims settlement and benefit payments, key ingredients in building confidence in the sector. BY MTHANDAZO NYONI Ipec commissioner of insurance, pension and provident funds, Tendai Karonga, told NewsDay that they were…

13 Nov

Livingstone Marufu Business Reporter The Insurance and Pensions Commission (Ipec), has ordered its members to dismiss all trustees who fail to get a Certificate of Proficiency (COP) in trusteeship. This comes as the Commission moves to ensure that the interests of fund members are protected and that pension funds are…

25 Oct

The Insurance and Pensions Commission (Ipec) has licensed two entities to provide microinsurance products as it steps up efforts to tap into the previously untapped market. By NDAMU SANDU Ipec has also urged local insurance players to offer microinsurance products. The thrust towards microinsurance comes after the National…

14 Nov

Business Reporter THE Insurance and Pensions Commission has issued a directive on governance and risk management for insurers, which outlines minimum expectations and requirements for shareholders, board and management control functions.The directive, which is also meant to ensure that underwriters are managed in a sound and prudent manner…