Most small companies nowadays don’t have a pension plan for their employees. This has left most people making their own pension arrangements.
What Is An independent Pension Plan?
It’s a retirement investment you make as an individual divorced from any plan your employer might have for you. It’s done usually to supplement retirement income or as a primary source of retirement income.
So What Independent Pension Plan Options Are There in Zimbabwe?
In case you are one of the people in the market for some independent pension plans, here are the 3 Asset Managers who can custom make a plan you can use as a pension plan upon retirement.
1. Datvest/CBZ Asset Management.
CBZ offers fixed income investments. This means if you invest your money today with them, they will pay a fixed income return on a schedule of your choice when the investment matures. This can act as a quasi Pension Plan. As for the amount that you can invest get in touch with the Datvest people and get the full picture of their investment procedure.
2. Old Mutual
Old Mutual has a savings plan that matures after 10 years. For as little as $25 per month, for 10 years, you can make a lifetime investment and upon its maturity, you can opt to get fixed income from your investment.
3. Purpose Vunani
Purpose Vunani asset management provides fixed Income investments that pay a return on a fixed schedule. This means you can invest your money this year till you are about to retire and get a fixed income on a schedule of your choice on retirement from them. I would call this a pension on steroids.
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CBZ Holdings (formerly Commercial Bank of Zimbabwe, and Jewel Bank) is one of the country's biggest and vibrant financial institutions which has stood the taste of time. The bank was established in 1980. The Bank of Credit and Commerce Zimbabwe Limited (BCCZ) was a joint... Read More About CBZ
Old Mutual Limited is one of the largest insurances and financial services companies in Zimbabwe. It is a subsidiary of the South Africa headquartered Old Mutual Limited. Old Mutual Zimbabwe is listed on the Zimbabwe Stock Exchange.. The company started operating in 1895. It has... Read More About Old Mutual