BPOPF to cut out opportunistic ‘middlemen’

The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.

Under changes to the Retirement Funds Act, the BPOPF has to return no less than half of the P100 billion it holds in assets, back home by December 2027, but CEO Moemedi Malindah, said the pension fund would not entertain intermediaries.