The Trade Union Congress of Namibia (TUCNA) has written to the CEO of the Government Institutions Pension Fund (GIPF) seeking clarity and more information regarding the draft regulations set out in the Financial Institutions and Markets Act (FIMA). The letter, signed by TUCNA Secretary-General Mahongora Kavihuha, states that it is unfair of GIPF to exclude TUCNA, together with the unions it represents, from the deliberations. The Financial Institutions and Markets Act will affect all its members should it be gazetted at the start of October, says Kavihuha. Kavihuha has further requested that GIPF provide TUCNA with records of the outcomes reached by the workers' representatives or alternatively the trustees of all affected members. He has also requested that TUCNA further be provided with the stance of GIPF, particularly those that GIPF might have communicated with NAMFISA, regarding FIMA. GIPF last week released a statement in which it indicated that NAMFISA is the responsible body for FIMA. The pension fund further stated that it is aware of consultations undertaken by NAMFISA with various pension funds and thus awaiting feedback. In a separate letter addressed to NAMFISA, the unionist has requested an audience with the CEO of the body. Kavihua says, in his attempt to get clarity from the Minister of Finance Ipumbu Shimi, he was advised that NAMFISA is better placed to give clarity on the matter. He has asked NAMFISA CEO Kenneth Matomola, to grant the union body a date soonest, bearing in mind the urgency of the matter.
Published 3 years ago