The Affirmative Repositioning (AR) Movement's frontman and social activist, Dr. Job Amupanda, has accused the Benchmark Retirement Fund of being in cahoots with NAMFISA to change the provisions of the Pension Fund.

The Namibia Financial Institutions Supervisory Authority (Namfisa) has received public and industry input on supplementary legislation to the Financial Institutions and Markets Act (FIMA) and feedback on this will be communicated during the last quarter of this year.

The Non-banking financial sector assets have grown by 14% despite an economic downturn, which translates to N$370 billion as of December 2021.