The development of retirement funds leads to increasing demand for long term financial assets, thus promoting financial market development and improving the capacity to manage financial risks. They compete with investment banks which lead to more efficient primary markets.
Furthermore, they play a major role in enhancing market discipline, for instance by stimulating transparency on securities market, and they have the ability to actively promote the interests of minority shareholders of the firms in which they invest. Future of retirement funds in Namibia Ladies and Gentlemen, the retirement fund industry in Namibia has certainly grown strongly in line with the global trends.