Industry specialists have stated that Malawi's pension sector requires enhanced governance and innovation to protect members' savings. This consensus emerged from a conference organized by Old Mutual Pension Services, which brought together experts in law, regulation, and finance.
Governance expert Emily Makuta advised trustees to diversify investments and bolster risk management systems. Regulatory specialist Kaluso Chihana highlighted a significant coverage gap, noting that only a small fraction of the elderly population and salaried employees are enrolled in pension schemes. He urged alignment with reforms focused on efficiency and sustainability.
From a technological perspective, Dr. Wisely Phiri recommended adopting digital solutions that prioritize the member experience. On investment strategy, Mphatso Kasalika advocated for portfolios that consider environmental and social governance, targeting sectors like infrastructure and agriculture. Legal counsel Pempho Likongwe concluded by emphasizing the necessity of stable governance frameworks and succession planning.
Governance expert Emily Makuta advised trustees to diversify investments and bolster risk management systems. Regulatory specialist Kaluso Chihana highlighted a significant coverage gap, noting that only a small fraction of the elderly population and salaried employees are enrolled in pension schemes. He urged alignment with reforms focused on efficiency and sustainability.
From a technological perspective, Dr. Wisely Phiri recommended adopting digital solutions that prioritize the member experience. On investment strategy, Mphatso Kasalika advocated for portfolios that consider environmental and social governance, targeting sectors like infrastructure and agriculture. Legal counsel Pempho Likongwe concluded by emphasizing the necessity of stable governance frameworks and succession planning.
