Mwafuli Unrestricted Pension Fund
At Zamara, we appreciate that employee benefits are an increasingly important factor in the ability of an employer to attract, retain and motivate good quality staff by creating a sense of belonging and loyalty to the company.
Mwafuli is a defined contribution (DC), and unrestricted pension scheme designed to offer organisations and individuals an economically efficient pension portfolio for managing their pensions. The Fund is registered by the Registrar of Financial Institutions and will provide pension benefits for members. The Zamara Mwafuli Unrestricted Pension Fund is an unrestricted fund (also called umbrella fund in some jurisdictions) that is the ultimate Pension benefits solution, allowing an employer or individual to access flexible yet competitive benefits without the hassle of having to run an in-house Pension benefits scheme.
Benefits to the Employer
- A professional and well-managed programme that requires minimal employer involvement, allowing the employer to focus on its core business.
- Centralisation of management of employee benefits programs.
- Reduced risk, and thus optimal returns, through larger and better- diversified investment portfolios.
- Economies of scale and lower overall costs than other pension fund arrangements.
- Transparent investment and performance reporting.
- Regular communication to the employers.
Benefits to the Employee
- Simple benefits which are easily understood by employees
- Ability for employees to make Additional Voluntary Contributions and boost their retirement fund
- Ease of administration of benefits to ensure that benefits are paid in a timely manner
- Use of state of the art digital platforms and tools
- Access one’s pension account at any time Regular engagement and communication with members
