Pension Death Benefits under the Malawi Pension Bill 14 of 2010: Reflections from South Africa and Australia

Abstract

Pension regulation in Malawi has been uncertain and inadequate until recently when parliament introduced the Pension Bill 14 of 2010. This Bill heralds important changes in the pension law landscape, such as expanding the categories of beneficiaries of death benefits. The Bill is progressive in its attempts to regulate the pension funds industry comprehensively and should be welcomed. Reflections on South African and Australian law are needed in order to learn from the mistakes and best practices of these countries, in order to ensure the efficacy of Malawi’s pension system.