LOWER investment returns and labour structure, among others, have been identified as some of the factors affecting Africa’s informal pension sector.
These were made known at the third yearly Africa Pensions Supervisors Forum (APSF) in Kigali, Rwanda.
The theme of the conference was “Resilience and sustainability of the pension sector amid the crisis- The case of COVID-19 pandemic”.
Pension supervisors, stakeholders, experts and partners shared their experiences and chart the way forward in the industry.
APSF signed an agreement with FSD Africa to strengthen the continent’s pension sector.
Director, Capital Markets, FSD Africa, Dr. Evans Osano, said by partnering APSF, they were paving the way for a harmonised approach towards interventions and reforms in the sector. He stated that their collaboration would forge solutions to Africa’s unique pension’s landscape.
He pointed out that through the network, countries would be better placed to tackle their problems and find solutions to them.