By JAck Mwewa and Chatula KANGALI –
THE Pensions and Insurance Authority (PIA) has continued to record growth in its membership and net assets.
The current membership is at 106,755 as per 2014 figures from all the 238 schemes that the authority is providing while the net asset trend stands at more than K5 million.
Acting communications manager Andrew Chisanga said a number of employers appreciated the pension schemes.
He said the net asset trend which was currently at K5,113,718 with the highest coming from the Lusaka Stock Exchange (LuSE), followed by Government finances and the capital market.
Mr Chisanga said this at the on-going Zambia International Trade Fair (ZITF) in Ndola.
“PIA has continued to record a steady growth in membership and net assets, employers from private companies are now putting their workers on the pension schemes. People have also slowly started appreciating the need to insure assets,” he said.
He said the authority was putting in place proper regulations for business to grow and contribute to the Gross Domestic Product (GDP) .
He said the authority had recorded an improvement in the way its members were resolving complaints because of the consumer protection awareness.
