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
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

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