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P R U D E N T I A L Z A M B I A

Annuity Schemes Management

A successful employer must meet all contractual obligations to its staff as and when they arise. One of the most important of these obligations is the gratuity where it forms part of the legal promise of employment in Zambia. The gratuity benefit is payable on cessation of employment at the end of the employment contract or at the members’ death.

Prudential Pensions Management Zambia takes away the administrative burden of managing gratuity schemes in-house by employers, providing bespoke administration and investment management services thus allowing employers to focus on their core activities. Gratuity liabilities can grow to be substantial as the employer organisation grows and develops. Prudential will perform the organization’s administrative and investment obligations on their behalf and ensure members of the employer’s gratuity scheme receive the correct benefit at the required time, while complying with all relevant laws and regulations..