The Financial Instituations and Market Act (FIMA) has the potential to create and govern retirement and medical aid funds and their administrators, short- and long-term insurers, investment schemes, and asset management, amongst others.

The Chief Executive Officer of the Namibia Financial Institutions Supervisory Authority (NAMFISA), Kenneth Matomola, recently highlighted that FIMA was received with mixed feelings when first introduced. 

Thus, it is important to create awareness for the public and consumers to know what the benefits of FIMA are.