NBM Capital Markets and NBM Pensions Administration Limited, wholly owned subsidiaries of National Bank, on Friday had a date with pension fund benefits managers from various firms in Lilongwe to enlighten them on developments in the industry, their philosophy and approach in terms of pension fund administration and asset management.
NBM Capital Markets Chief Executive Officer, Benson Jere, said the engagement was crucial to help the officials, who included human resource managers, accountants and members of pensions board of trustees, appreciate how they could grow their pension contributions.
He stressed on the philosophy and approach of NBM plc through the two subsidiaries in terms of proper and accurate administration of pension schemes, optimisation of investment returns for those schemes’ assets.
Jere stressed the key objective in making sure that small pension funds are propelled to the attainment of the K1 billion threshold and consequently registered as standalone pension schemes with Reserve Bank of Malawi.
Jere said it is crucial for firms to choose pension fund managers who would give them the best returns on the market.