The Insurance and Pensions Commission (IPEC) is training pension fund trustees throughout the country to capacitate them with skills to effectively and efficiently manage pension funds. Trustees are responsible for ensuring that pension fund schemes are run professionally, honestly and efficiently and in the best interest of the members.
They are the custodians of pension funds’ assets and they have responsibility to ensure value creation and preservation of assets supporting liabilities to scheme members. Also present at the trainings were epresentatives from labour unions, sponsoring employers and pension scheme members’ representatives. IPEC has so far trained about 370 trustees in Mashonaland West, Midlands and Matabeleland region. Trustees from other provinces will be trained in due course. Some of the topics covered during the training sessions include; introduction to pensions, the role of trustees, communication with members, investment chain and analysis and market conduct.