Figures from the Reserve Bank of Malawi (RBM) show that the pension assets have increased over 10 times from K74.8 billion in 2011 to K757.4 billion in March 2019.

RBM has also projected that an increased by end of 2019, pension assets would swell to K894 billion, in 2020 the figures will increase up to K1.1 trillion.

At a symposium on pension funds investment in infrastructure, RBM Governor Dalitso Kabambe acknowledged that the figures were not an achievement, but also outlined that the pension funds were used in infrastructure.

RBM figures have also revealed that there has been an increase in the number of people from 102,505 in 2011 to 422,993 as at end March 2019, with the number of pension service companies growing to six from three in 2011.