3rd Annual Africa Pensions and Retirement Summit – Virtual

The ANNUAL AFRICA PENSIONS & RETIREMENT SUMMIT is an annual Africa focused  summit designed and produced to cover the African pensions industry. The summit now its third year is hosted in different African countries and has so far been held in Kenya and South Africa. The third installation of this continental showpiece will be held in the Island nation of Mauritius in May 2022. With a key focus and covering all key issues impacting the pensions and retirement industry on the continent, the summit brings together key stakeholders and industry professionals, regulators, policy makers, academics, researchers, trustees, principal officers, investment managers, asset and fund managers, actuaries, insurers and other financial services intermediaries from across the African continent. The summit also attracts a significant percentage of international policy makers, experts and service providers.

OVERVIEW

The African Pensions and Retirement Industry has witnessed tremendous growth over the last decade as shown by the year-on -year increase in the value of Assets under management across the continent. Although the growth is commendable and welcome, and as the continent embraces the global shift from defined benefit to defined contribution systems; there are inherent challenges and headwinds. For instance, most of the continent’s population -mostly in the informal sector and accounting for almost 80% of the workforce still remains uncovered by any form of retirement scheme and this is chiefly attributable to the fact that most of our pension systems are designed to cover those in formal employment and earning a regular income.