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Mon, 08 May 2017 09:15 - Updated Mon, 08 May 2017 10:51

ARSEG intends to create norms to stimulate pension funds

Luanda - The Angolan Agency of Regulation and Supervision of Insurances (ARSEG) intends to set up soon a taskforce that will draft a set of norms in the fiscal domain, with a view to stimulating the activities of pension funds.

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Such normative initiative is intended to make pension funds more efficient and competitive, ANGOP has learnt.

Speaking to ANGOP, the head of ARSEG’s supervision department, Neusa de Mascarenhas, explained that a pension can be a long term investment, must get major stimuli, so that people do not be afraid to join such service.       

She highlighted the importance of pension funds in the national economy and informed that the sector has eight institutions that manage 36 pension funds.

One major incentive that a company can give its workers, in situations of retirement, disability, among others is a pension plan. 

Neusa Mascarenhas then explained that the Angolan fiscal system does not outline a specific legal focus on pension funds, in view of which fact for the taxation of pension funds it is applied the general rules, which is a situation that creates constraints to the growth of this saving mechanism.       

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