Alexander Forbes sees opportunity with bespoke packages

Companies in Botswana are not compelled to offer their employees retirement funds. Instead, the law prescribes that those employees without retirement funds should be covered by gratuities and severance.

Alexander Forbes board member, Paul Masie told BusinessWeek that the financial services giant was focussing on bridging the gap by offering tailor-made retirement packages. He said while some entities in the private sector had the potential to establish retirement funds for their employees, they did not do so due to lack of education on the importance of these.