Saturnia Regna Pension Fund, a fund under Aflife Investment Limited and administered under Aflife Pension Administration Limited has denied accusations that it altered or sliced down members’ pension balances. Saturnia in a statement availed to the Zambian Business Times – ZBT has stated that the changes observed by some contributors were a result of the application of approved interest rates based on audited fund performance rather than any adjustment to members’ contributions. In a statement seen by the Zambian Business Times – ZBT, Saturnia Regna Pension Fund Board Chairperson, Victor Zimba said the fund was merely implementing its income distribution...
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