Company Information

Get to know LAPF Pensions Fund

LAPF Pensions Fund was established to manage the pension schemes for employees of Local Government Authorities in Tanzania. Its mission was to provide social security services, including retirement, survivor, invalidity, and health benefits to its members. In 2018, following the enactment of the Public Service Social Security Act, LAPF was merged with three other pension funds (PSPF, GEPF, and PPF) to form a new, single entity called the Public Service Social Security Fund (PSSSF). PSSSF now carries on the mandate of providing social security coverage to all employees in the public sector in Tanzania.

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LAPF Pensions Fund

Tanzania

Founded in

1944 (82 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.