Late pension funds remittance worries Old Mutual Malawi; Punishable under the Pension Act
By Steven Godfrey Mkweteza & Mayamiko Phiri, Correspondents Old Mutual Malawi Plc has raised red flags over the high rate of pension funds remittances by employers — a development which is contributing to poor administration of the contributions. General manager responsible for the pension services for the company, Tawonga Manda said this in Blantyre on Thursday during an interactive trustees’ conference on pension funds, saying many employers are remitting the funds when the employee is either retired or dead….
