fbpx

The Risk Behind Mauritius’ Pension Schemes

The Risk Behind Mauritius’ Pension Schemes

http://youtu.be/4XchqeFCePQ

While public sector pension schemes are regulated by the government, industry executives hope that newly implemented legislation will put more trust in privately managed fund models.

According to a Bloomberg Africa TV report, Mauritius retirees feel that their fund payments have come up short. Clairette Ah-Hen, CEO of the Financial Services Commission of Mauritius, says that’s because most people aren’t fully aware of pension plan risks.

“I think for the time being, we thought that it would be best to start by tackling the private pension schemes, because in that what we have is mainly voluntary,” Ah-Hen said. “In terms of the population we would find that a quarter of the working population contributes to some sort of pension schemes.”