Management of financial risks in social security institutions in Tanzania: a case study of the LAPF pensions fund

Rotente, Bhoke John

dc.creator	Rotente, Bhoke John
dc.date	2019-08-17T09:06:03Z
dc.date	2019-08-17T09:06:03Z
dc.date	2014
dc.date.accessioned	2022-10-20T14:39:57Z
dc.date.available	2022-10-20T14:39:57Z
dc.identifier	Rotente, B. J. (2014). Management of financial risks in social security institutions in Tanzania: a case study of the LAPF pensions fund. Dodoma: The University of Dodoma.
dc.identifier	http://hdl.handle.net/20.500.12661/723
dc.identifier.uri	http://hdl.handle.net/20.500.12661/723
dc.description	Dissertation (MA Business Administration)
dc.description	This study examined the Management of Financial Risks in Social Security Institutions in Tanzania: Specifically it aimed to identify financial risks facing LAPF in its operations, to find out the measures being taken by LAPF in managing the financial risks and to examine the effectiveness of the existing measures being taken by LAPF in managing the financial risks. A sample of 40 respondents was made use of and these were randomly obtained from LAPF in Dodoma. The researcher used both primary and secondary sources in collecting data. Data were collected using instruments like questionnaires, interviews and observation. The statistical package for social science (SPSS) was used for management of data and analysis. In this study the theories pertaining to financial mechanism used by LAPF FUNDS was established to familiarize the reader with paradigms, frameworks and approaches. The findings reveal that the study that Social Security Institutions are subject to different types of risks in respects of their liabilities, earning, structural changes in the economy, unemployment, disability, the future growth in the cost of health care and general improvement in longevity for the whole population. The study as well finds out that LAPF encounters different financial risks in their operation, namely: -liquidity risk, market risk, credit risk, litigation risk, regulatory, operation and policy risks and political risks. According to findings, liquidity risk is the most serious risk affecting financial risks followed by operational risk. Different measures have been employed by LAPF to mitigate financial risks. The study recommends that the government should make sure that, each social security institution establishes an independent risk management unit to oversee the management of risks in their operations. Reports from the auditors and the actuary should be made publicly available. LAPF should make use of financial derivatives as an investment management instrument to manage and hedge risks. Appropriate risk management structures should be put in place to govern the use of derivatives, and compliance with these structures should be carefully monitored. LAPF should ensure that their staffs have appropriate expertise and training on key risk indicators and the importance of risk management.
dc.publisher	The University of Dodoma
dc.subject	Management
dc.subject	Financial risk
dc.subject	Social security
dc.subject	Social security fund
dc.subject	Social security institution
dc.subject	Pension fund
dc.subject	Public Service Pension Fund
dc.subject	PSPF
dc.subject	Local Authorities Pensions Fund
dc.subject	LAPF
dc.subject	Government Employees Provident Fund
dc.subject	GEPF
dc.subject	NSSF
dc.subject	National Social Security Fund
dc.subject	SSRA
dc.subject	Social Security Regulatory Authority
dc.title	Management of financial risks in social security institutions in Tanzania: a case study of the LAPF pensions fund
dc.type	Dissertation