Communication of the investment strategies of the National Pensions Fund
The National Pensions Scheme was established under the National Pensions Act 1974. It is a mandatory pension scheme for employees in the private sector and is managed by the National Pensions Fund. The responsibility for the investment of the surplus fund is entrusted to an Investment Committee set up under the provision of the Act. The implementation of the decisions of the Committee is undertaken by the staff administering the Fund. The Fund has accumulated some USD 2.5 Billion since its creation.
During the financial turmoil in 2008, the National Pensions Fund seized the opportunity to invest in the stock exchange as the prices of the stocks had gone down substantially. This was seen as an investment strategy to support the stock exchange of Mauritius against a crash. As a communication strategy, it was decided to meet members of the press and to release press communiqués at regular intervals to inform members of the public of the rationale behind the investment decisions and also to provide them with a detailed breakdown of our portfolio.
As a result of the communication strategy mentioned above there is a perception that the Fund is operating in a transparent manner and there are fewer questions regarding investment decisions of the National Pensions Fund.
2Mauritius MSSNSRI 2011-5.pdf 169.20 kB
Publication year: 2011
Implementation year: 2008
Topics: Governance of social security, Proactive and preventive approaches in social security
Organization: Ministry of Social Security, National Solidarity and Reform Institutions