GIPF to wait on outcome of consultations around FIMA

Government Institutions Pension Fund (GIPF) CEO David Nuyoma, has indicated that the body will wait on the outcome of consultations around the Financial Institutions and Markets Act (FIMA), warning that money is a topic that fuels emotions, filled either with high expectations or fueled by deprivation. Nuyoma responded to members of the Parliamentary Standing Committee on Economics - who wanted to know the pension fund's stance on the proposed legislation, which has come under heavy criticism, particularly a provision that strengthens preservation requirements around pension money.