First Capital Housing Fund

By Amos Kambonde, Manager Marketing Services at the Government Institutions Pension Fund The question of whether to borrow from one’s pension or not is one of the questions many members of pension funds ask regularly. Section 19(5) of the Pension Fund Act, 1956 (Act No. 24 of 1956) makes provision for members of pension funds to borrow either directly or against their pension fund savings for the purpose of purchasing […]