Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
RFIN director Vincent Shimutwikeni says consultations could have been arranged much earlier
“However, Shimutwikeni adds that the consultations could have been arranged much earlier to avoid uncertainty and concern experienced by industry members.”
Workers still entitled to pension lump sumThe Namibian
Vincent Shimutwikeni is manager, legal services, RFS fund administrators
“Vincent Shimutwikeni; manager, legal services, RFS fund administrators.”
Pensioners, Pension Funds and the 2026/27 BudgetThe Namibian
Vincent Shimutwikeni is the manager of legal services at RFS Fund Administrators
“Vincent Shimutwikeni is the manager of legal services at RFS Fund Administrators”
Pensioners, Pension Funds and the 2026/27 BudgetNew Era
Vincent Shimutwikeni is manager for legal service at RFS Fund Administrators
“Vincent Shimutwikeni is the manager for legal service RFS Fund Administrators.”
Opinion – In the budget’s shadows: Pensioners, pension fundsNew Era
Vincent Shimutwikeni was honoured on the night
“Another lawyer, Vincent Shimutwikeni, was also among those honoured on the night.”
Nam’s legal crème de la crème celebratedThe Namibian
Vincent Shimutwikeni is manager, legal services, RFS Fund Administrators
“* Vincent Shimutwikeni; manager, legal services, RFS fund administrators.”
Honouring the Village While Securing the FutureSince the Financial Institutions and Markets Act took effect in May 2026, concerns have arisen that Section 282(2) may unintentionally prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. Industry experts worry the rule requiring a first mortgage bond for direct housing loans is hampering the consumer protection the Act was meant to provide.
17 July 2026 · New Era →
Since the Financial Institutions and Markets Act took effect in May 2026, concerns have arisen that Section 282(2) may unintentionally prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. Industry experts worry the rule requiring a first mortgage bond for direct housing loans is hampering the consumer protection the Act was meant to provide.
17 July 2026 · New Era →
Pension fund industry experts warn that Section 282(2) of Namibia's Financial Institutions and Markets Act, which took effect in May 2026, may prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. A pension funds expert emphasised the concern applies specifically to direct housing loans granted by retirement funds themselves, distinct from the Government Institutions Pension Fund housing initiative.
17 July 2026 · New Era →
The implementation of Section 282 of the Financial Institutions and Markets Act, designed to strengthen retirement savings protection, is inadvertently creating barriers to housing loans from pension funds by imposing strict first mortgage bond requirements and causing delays for members seeking to finance home construction or purchase.
13 July 2026 · Windhoek Observer →
The Financial Institutions and Markets Act's first mortgage bond requirement for pension fund housing loans, effective May 2026, may block thousands of Namibians from accessing housing finance through their pensions. GIPF says its schemes remain operational, but a pension industry professional warns Section 282(2) could render loans inaccessible to members who previously qualified under the repealed 1956 Act, unless NAMFISA grants exemptions.
13 July 2026 · Windhoek Observer →
The Financial Institutions and Markets Act, 2021 has transformed the role of the Principal Officer in Namibia's retirement funds from an administrative contact to a central governance, compliance, and leadership position, now required to be an ex officio member of the fund's board and typically the chief executive officer or equivalent.
1 July 2026 · Windhoek Observer →
The Financial Institutions and Markets Act now prohibits employers from deducting financial losses due to employee theft, fraud, or misconduct from pension benefits, a practice previously permitted under the repealed Pension Funds Act. Pension professionals describe this as a legislative shift to strengthen protection of retirement savings.
17 June 2026 · Windhoek Observer →
Under Namibia's new Financial Institutions and Markets Act, employers can no longer easily deduct losses from employee pension benefits in cases of alleged theft, dishonesty, fraud or misconduct. The law has shifted from the previous Pension Funds Act, which permitted such deductions if the employee admitted liability or the employer obtained a court judgment.
9 June 2026 · The Namibian →
An opinion piece argues that in pension fund governance, the phrase "in the best interest of members" has become so authoritative that it is rarely examined and risks being invoked as a conclusion after decisions are made rather than tested throughout the decision-making process, despite its deep roots in fiduciary law.
18 May 2026 · Windhoek Observer →
An opinion piece examines how the phrase "in the best interest of members" has become a standard justification in pension fund governance but is rarely rigorously examined, risking use as a convenient conclusion rather than a guiding principle rooted in fiduciary duty and legal obligation.
17 May 2026 · The Namibian →
Retirement fund trustees are legally required to distribute death benefits based on financial dependence rather than nomination forms or wills, prioritizing those who relied on the deceased member for support. This approach sometimes conflicts with family expectations but protects vulnerable individuals by ensuring fair distribution under the law.
8 April 2026 · The Namibian →
The Namibia Financial Institutions Supervisory Authority (Namfisa) has advised the finance minister to exempt a clause in the Financial Institutions and Markets Act (Fima) that would have forced all retirement fund members to annuitise their benefits. Workers will continue to receive one-third of their retirement benefits tax-free as a lump sum, though the government's long-term policy aims to move Namibia toward full annuities in line with International Labour Organisation standards.
25 March 2026 · The Namibian →
Namibia's 2026/27 budget prioritises fiscal consolidation and prudence, with projected deficit narrowing and controlled inflation that aim to sustain the economic environment for pensioners, though the budget contains no explicit pension reforms and relies on system stability rather than direct intervention.
22 March 2026 · The Namibian →
Minister Ericah Shafudah's 2026/27 budget prioritises fiscal consolidation to narrow the deficit from 6.6% to 5.5% of GDP, which has implications for pensioners through inflation control (projected at 3.5%), interest rates set at 6.5%, and improved payment systems for benefits. The budget contains no explicit changes to pension taxation or retirement fund reforms, suggesting policy continuity but leaving structural issues like coverage and adequacy for future intervention.
20 March 2026 · The Namibian →
An opinion piece argues that the 2026/27 national budget, though not explicitly addressing pensioners, indirectly supports their interests through fiscal consolidation, controlled inflation (projected at 3.5%), lower interest rates, and improved payment systems. The author notes the budget contains no direct pension reforms, suggesting policy continuity rather than structural changes to address coverage and adequacy issues.
19 March 2026 · New Era →
The Legal 500 and law firm Cliffe Dekker Hofmeyr hosted the first GC Powerlist: Namibia 2026 ceremony, honouring over 50 general counsel and in-house legal professionals for their role in shaping corporate governance and navigating complex regulatory frameworks across finance, mining, energy, and other sectors.
11 March 2026 · New Era →
Village contributions remain a cultural obligation for many Namibians, but these emotional, immediate demands often take priority over retirement planning. The article argues that both can coexist through disciplined budgeting, honest family communication, and treating village contributions as planned expenses rather than emergencies.
1 February 2026 · The Namibian →