Pension Sector Grows: Membership Up 17.8%, Assets Reach US$2.77 Billion

The Insurance and Pensions Commission (IPEC) has released its report for the nine months ended 30 September 2025, revealing a robust performance in Zimbabwe’s pensions sector.

As of 30 September 2025, the sector boasted 968 registered occupational pension funds, with 479 (49.5%) active and 489 (50.5%) inactive, of which 372 were awaiting dissolution. Total membership grew by 17.82% to 1,171,852, driven by the reinstatement of 178,988 dormant members and 6,582 new entrants.

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The sector’s total assets increased by 5% to US$2.77 billion, fueled by new investments and positive fair value adjustments in investment properties and equity instruments. Investment properties rose by 12% to US$1.30 billion, while quoted equity investments grew by 15% to US$528.85 million.

Pension contributions totalled US$225.89 million, up from US$148.35 million in September 2024. Contribution arrears decreased by 9% to US$100.18 million, thanks to payments by sponsoring employers.

For the nine months, total income was US$557.26 million, an 88.60% change from the previous year, driven by a stable exchange rate. Total expenditure amounted to US$186.93 million, with 30% for administrative expenses and 70% for member benefits.

Overall, the report highlights the sector’s growth and resilience, with IPEC working to clear outstanding contributions from sponsoring employers.

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