ANNUAL PENSIONS & RETIREMENT SUMMIT 2020

The Pensions Industry has continued to grow globally and has registered steady growth over the last decade, with Assets under management growing by over 20% year-on-year in some markets. Despite this growth, the industry is still plagued by several key policy reform and governance related issues, regulatory impediments, administrative bottlenecks, and mismanagement of these entities, curtailing the industry’s exponential impact and growth.

Africa’s demographic mix presents an extremely critical and unique challenge to pension systems across the continent, currently and in the future, with such challenge requiring adequate reforms in pension system designs and structure. The Coronavirus (Covid19) pandemic has exacerbated the situation with global lockdowns leading to retrenchments, layoffs and redundancies which have negatively impacted the levels of pension savings across the globe.