Alexander Forbes loses lucrative BPOPF deal

Boitumelo Molefe.PIC.KENNEDY RAMOKONE
Boitumelo Molefe.PIC.KENNEDY RAMOKONE

The Botswana Public Officers Pension Fund (BPOPF) has moved to insource the management of records and benefits payments for its 153,000 members, in a move that will save the pension fund upto 70 percent of the cost of outsourcing the services.

The services, which include collection of members’ contributions and administration of benefits, are currently outsourced to Alexander Forbes Financials Services.

Speaking to Mmegi Business on the sidelines of the launch of the fund’s whistle blowing facility in Gaborone yesterday, BPOPF’s new CEO, Boitumelo Molefe said the decision to insource administration of members’ files and pensioners’ benefits was based on the realisation that the fund, as a secretariat, should be handling its members’ accounts.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

Have a Story? Send Us a tip
arrow up