30
Jun
Hertta-Maria AmutenjaThe Government Institutions Pension Fund (GIPF) is on the verge of rolling out its long-awaited Pension-Backed Home Loan Scheme (PBHLS), pending the signing of a crucial Memorandum of Understanding (MoU) with the office of the prime minister.The MoU will define roles and responsibilities between the Fund and the Prime Minister’s office. The signing will take place once the approved interest rate, set at the repo rate plus 2.5%, is officially gazetted. Until then, the Fund cannot fully implement the scheme. The GIPF Board of Trustees approved rule amendments for the scheme in 2016, allowing members to access home loans…
