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
Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

Have a Story? Send Us a tip
arrow up