Old Mutual launches new fund administration system

July 27, 2023

Old Mutual Namibia has launched, Compass, a new fund administration system.

The Compass System, according to the insurance company, symbolises Old Mutual Namibia’s unwavering commitment to serve its customers with enhanced digitization and automation.

“This modern platform empowers members, employers, and intermediaries with the tools and resources to navigate the financial landscape with confidence and clarity,” the company said.

Patricia Olivier, Managing Director of Old Mutual Namibia Corporate Segment, emphasized the crucial role of innovation in driving progress and evolution, underscoring the need for continuous transformation to remain relevant and thrive in a rapidly changing world.

"The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow," Olivier said, highlighting the forward-thinking approach embraced by Old Mutual Namibia.

"As a pillar of stability for countless employers, the Orion Umbrella Pension and Provident Funds have protected dreams and aspirations of many employees for years, but with the changing landscape, it was time to evolve."

Carmen Forster, Head of Business Development and Client Retention at Old Mutual Namibia Corporate Segment, acknowledged the excitement surrounding Compass and assured that immersive training sessions would be conducted to equip everyone with the knowledge and skills needed to embrace the full potential of Compass seamlessly.

"We are the architects of a future where dreams flourish, and financial freedom knows no bounds," Forster said, highlighting the transformative impact of Compass on pension and retirement funds in Namibia.



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Last modified on Thursday, 27 July 2023 18:02

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