More Rot in Pensions Fund: RBM Report Exposes K11.5 Billion Uncredited, 1,144 Missing Members, K4.9 Billion Unsupervised Disbursements, and Amaryllis K128.75 Billion Deal in Deepening Pension Crisis
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What is emerging from a confidential 33-page interim report by the Registrar of Financial Institutions and Reserve Bank of Malawi (RBM) Governor is a full-scale governance collapse at the Public Service Pension Trust Fund (PSPTF)—a K1.1 trillion institutio
More Rot in Pensions Fund: RBM Report Exposes K11.5 Billion Uncredited, 1,144 Missing Members, K4.9 Billion Unsupervised Disbursements, and Amaryllis K128.75 Billion Deal in Deepening Pension Crisis
What is emerging from a confidential 33-page interim report by the Registrar of Financial Institutions and Reserve Bank of Malawi (RBM) Governor is a full-scale governance collapse at the Public Service Pension Trust Fund (PSPTF)—a K1.1 trillion institution managing retirement savings for about 139,000 civil servants, yet reportedly plagued by missing members, uncredited billions, unaudited […] The post More Rot in Pensions Fund: RBM Report Exposes K11.5 Billion Uncredited, 1,144 Missing Members, K4.9 Billion Unsupervised Disbursements, and Amaryllis K128.75 Billion Deal in Deepening Pension Crisis appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more
