Ipec flags data integrity issues in pensions sector

THE Insurance and Pensions Commission (Ipec) has expressed concern over ongoing data inconsistencies within Zimbabwe’s pension system, warning that the problem continues to undermine benefit calculations and the overall credibility of industry reporting.

Benefit calculations determine how much money a member will receive upon retirement or other qualifying events like disability or death.

In its second-quarter pensions report, Ipec highlighted the need for pension funds and administrators to ensure that member and pensioner records are accurate, complete, and regularly updated.

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