Services
FIMA Compliance
Compliance support for pension funds, insurers, medical aid funds and other financial institutions under Namibia's Financial Institutions and Markets Act.
FIMA came into force on 1 May 2026. It replaced several older laws, including the Pension Funds Act and the Long Term and Short Term Insurance Acts, with one rulebook supervised by NAMFISA. It brings new registration requirements, tighter governance standards for boards and principal officers, and penalties that can attach to individuals personally. Andersen in Namibia helps boards, principal officers and management teams understand what changed, close the gaps and stay compliant.
What We Deliver
Our Capabilities
FIMA Gap Assessment
A review of your governance, policies and reporting against FIMA, its regulations and NAMFISA standards, with a prioritised action plan.
Registration and Licensing Support
Preparing and submitting NAMFISA applications for funds, insurers and intermediaries moving into the new regime.
Board and Principal Officer Training
Half day and full day sessions on duties, personal liability and what NAMFISA expects.
Governance Frameworks
Board charters, policies, fit and proper processes and key person arrangements that meet the new standards.
Ongoing Compliance Retainer
Monitoring, regulatory returns and a standing adviser as further regulations and standards are issued.
Advisory Notes
Written opinions on specific FIMA questions, including the transitional provisions.
FAQ
Common Questions
Who does FIMA apply to?
Retirement funds, insurers, medical aid funds, collective investment schemes, financial market participants and financial intermediaries supervised by NAMFISA.
