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Pension Scheme Trustees

The board of trustees have the management and control functions and are appointed by both the employees and employers. Trustees have the main responsibility for the administration of the pension schemes and compliance requirement that apply to these schemes. The responsibilities of the trustees include the following:


Following the diagnostic study conducted by Cenfri (South Africa) in 2009, a multi-stakeholder technical advisory group was constituted to look at the development of microinsurance with support from FinMark Trust Zambia and ILO. The technical advisory group has broad representation from the association of insurers as well as microfinance providers, government, the Pensions and Insurance Authority and donors.

Regulatory Framework

The Pensions and Insurance Authority is the regulatory and supervisory authority for the pensions and insurance industry in Zambia. The authority operations are guided by a legal framework which helps them regulate the industries