Matomola

Namfisa learnt from FIMA fiasco

Namfisa learnt from FIMA fiasco

Tujoromajo Kasuto After massive national backlash from affected stakeholders of the Financial Institutions and Markets Act (FIMA) pension preservation regulation, the new strategic plan for the Namibia Financial Institutions Supervisory Authority (NAMFISA) will focus primarily on three overarching themes that will drive the organisational strategy, namely Stakeholder Engagement, Operational efficiency, and Innovation. According to Namfisa Chief Executive Officer Kenneth Matomola, the new plan also aims to have more grass root level engagements and the postponement of the implementation amid intense pressure from various stakeholders to drop the contentious clause on compulsory preservation of retirement benefits will have no effect on…
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