GIPF scoops four accolades

The Government Institutions Pension Fund (GIPF) won a total of four awards at the recently concluded Institute of Retirement Funds Africa (IRFA) Best Practices competition covering the areas of research, stakeholder communications and biometric identification system introduced by the GIPF.

“We believe that this is one of the most effective ways to validate our business improvement achievements. In this regard management took a principled decision to enter the Fund into the Institute of Retirement Funds Africa (IRFA) Best Practices competition.“We are proud to announce that Government Institutions Pension Fund scooped four awards in the best industry practices competition for large funds category,” GIPF’s CEO, David Nuyoma. earlier this week in the capital.
“IRFA is a body that represents the interest of the retirement industry in Africa. The Best Practices Industry Award was introduced to promote professionalism in management and administration of pension funds,” explained Nuyoma. Areas that received highest scoring according to Nuyoma included stakeholders communication, pensioners well-being research and the biometric pensioners identification system the Government Institutions Pension Fund introduced. “This achievement translates into the Government Institutions Pension Fund being rated as the best managed fund in Africa, a status we wish to celebrate about given our dream to be a leading pension fund. Needless to mention, this achievement does not belong to the GIPF alone, we credit efficient institutional supervisory framework as well as consistent support being received from all key stakeholders,” he added.
Said Nuyoma, “I wish to reiterate that Government Institutions Pension Fund will continue to benchmark itself against the world best practices and standards in order to achieve excellence in all aspects of our operations. The fund remains a signatory to the United Nations Principles for Responsible Investment (UNPRI), an international network of institutional investors committed to the development of a more sustainable global financial system. In this regard, we wish to promote issues of environment, social and corporate governance (ESG) within our investment policy framework.”