NSSA engages independent experts to safeguard pensioners’ contributions

THE National Social Security Authority (NSSA) this week said it has strengthened its investment oversight by bringing in independent professional advisers and tightening due diligence procedures as it seeks to prevent costly investment mistakes and protect billions of dollars in contributors’ funds. NSSA general manager Charles Shava said the pension fund had introduced stronger governance, risk-management and investment-oversight frameworks following criticism over some of its past investments, with every investment now subjected to more rigorous scrutiny before capital is committed. “Greater reliance on independent professional advice, including actuarial, legal, valuation, and investment experts, to support objective decision-making and improve investment outcomes,” Shava said.