The National Bank of Malawi Pensions Administration Limited  chief executive officer William Mabulekesi has announced of considering the review of the Pensions Act 2010.

He said that as a player in the pension industry, they hope for the financial regulator to review some of the sticky issues in the Pension Act, which have been a concern for members of various pension funds.

The announcement follows after NBM Capital Markets and NBM Pensions Administration Limited dated with pension fund benefits managers from various firms in Lilongwe to enlighten them on developments in the industry. The National Bank of Malawi firms’ officials shared their philosophy and approach in terms of pension fund administration and asset management, as they spoke to human resource managers, accountants and members of the pensions board of trustees.