BPOPF ups returns for members

According to the fund’s Chief Executive Officer, (CEO) Boitumelo Molefe, this was possible as they were able to retire some reserves, which helped them to bump up and distribute.

“Although our return to our active members rose, the return for our pensioners on monthly payouts declined marginally to 3.25 percent compared to 3.5 percent recorded last year. Even though it seems we have gone down from last year, our return to pensioners is still above the target on an annual basis,” said Molefe.