55 years can only claim 25 percent of their pension

FIMA enactment put on hold

FIMA enactment put on hold

Martin Endjala Feedback on the concerns of the public and stakeholders regarding the Financial Institutions and Markets Act will be shared by the Namibia Financial Institutions Supervisory Authority (Namfisa) during the last quarter of this year. This was announced by Namfisa√° corporate communication and consumer education manager, Victory Muranda in a media statement on Friday. Muranda also said that the controversial regulations regarding retirement benefits claims will also not be introduced on 1 October as initially planned. The public was particularly opposed to the draft regulation that persons younger than 55 years can only claim 25 percent of their pension…
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