Standard Bank Moçambique recently launched a subsidiary company called Standard Fundo de Pensões-Sociedade Gestora. The purpose is to support employees of companies and individuals to save, invest, generate wealth and ensure financial stability.

The fund represents an investment option to provide a decent supplementary retirement, acting as a social security for the future, as insurance in case of unwanted events, and as an investment.

While for companies the pension fund can help in attracting and retaining qualified personnel in a competitive environment, for individuals it represents an alternative to the traditional forms of investment available in the market.

This fund offers the benefit that its subscribers can access investments, including shares in companies listed on the Mozambique Stock Exchange.

"By subscribing to the pension fund, basically, the member is giving up consuming, in the present, to do so, in the future, with additional returns" said Standard Pension Fund CEO Agnaldo Mavera.

Source: cartamz