E-Briefs

Debswana Pension Fund prides itself on a sparkling investment performance history, as noted in the statistics below. Prior to the year 2004, the DPF investment strategy was based on a smoothed return process. Under this strategy, members were awarded bonuses across the board, based on market performance and subsequent bonus declarations by the Trustees. In the 6 years up to 2003. The fund made record performances with high margins above inflation.​

The 2002 market downturn, however, presented new lessons for the Fund. Near retirees were hardest hit by the 12.13% loss across the board in member fund values, leading to retirements before market recovery and sizeable reductions in their Fund credits. Following this experience, the DPF Board of Trustees reviewed the investment strategy and, in the process, identified the Life Stage Investment Model as the best option forward to help minimise investment losses for vulnerable member groups.