{"id":208,"date":"2026-01-27T07:20:08","date_gmt":"2026-01-27T07:20:08","guid":{"rendered":"https:\/\/bencon.co.zm\/staging\/?page_id=208"},"modified":"2026-03-16T09:11:43","modified_gmt":"2026-03-16T09:11:43","slug":"our-history","status":"publish","type":"page","link":"https:\/\/bencon.co.zm\/staging\/our-history\/","title":{"rendered":"Our History"},"content":{"rendered":"<style>.elementor-208 .elementor-element.elementor-element-7f0eb24f{--display:flex;--min-height:370px;--flex-direction:column;--container-widget-width:100%;--container-widget-height:initial;--container-widget-flex-grow:0;--container-widget-align-self:initial;--flex-wrap-mobile:wrap;--justify-content:center;--overflow:hidden;--overlay-opacity:0.65;--padding-top:3em;--padding-bottom:1em;--padding-left:1em;--padding-right:1em;}.elementor-208 .elementor-element.elementor-element-7f0eb24f:not(.elementor-motion-effects-element-type-background), .elementor-208 .elementor-element.elementor-element-7f0eb24f > 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--e-global-typography-5d167aa-line-height );letter-spacing:var( --e-global-typography-5d167aa-letter-spacing );}.elementor-208 .elementor-element.elementor-element-62338d84{font-size:15px;}.elementor-208 .elementor-element.elementor-element-1772834c{--container-widget-width:100px;--container-widget-flex-grow:0;width:var( --container-widget-width, 100px );max-width:100px;bottom:-60px;}.elementor-208 .elementor-element.elementor-element-6e6aeea0{--content-width:90%;--padding-top:4em;--padding-bottom:7em;--padding-left:0.5em;--padding-right:0.5em;}.elementor-208 .elementor-element.elementor-element-6e6aeea0:not(.elementor-motion-effects-element-type-background), .elementor-208 .elementor-element.elementor-element-6e6aeea0 > .elementor-motion-effects-container > .elementor-motion-effects-layer{background-position:60% 50%;}.elementor-208 .elementor-element.elementor-element-3e589b81 .elementor-heading-title{font-size:var( --e-global-typography-5d167aa-font-size );line-height:var( 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data-settings=\"{&quot;_animation&quot;:&quot;fadeInLeft&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our History<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-35bea52d e-flex e-con-boxed e-con e-parent\" data-id=\"35bea52d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-160aad58 e-con-full e-flex e-con e-child\" data-id=\"160aad58\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-546e1532 elementor-widget elementor-widget-image\" data-id=\"546e1532\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1900\" height=\"1268\" src=\"https:\/\/bencon.co.zm\/staging\/wp-content\/uploads\/2026\/03\/1900x1268.jpg\" class=\"attachment-full size-full wp-image-1562\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65316d17 elementor-widget__width-initial elementor-absolute elementor-invisible elementor-widget elementor-widget-spacer\" data-id=\"65316d17\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;,&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-383d443f e-con-full e-flex e-con e-child\" data-id=\"383d443f\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4898f87f e-con-full e-flex e-con e-child\" data-id=\"4898f87f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77f0cb34 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"77f0cb34\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our History<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1da6bfe3 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"1da6bfe3\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Aflife Pension Administration grew out of African Life Financial Services Zambia Limited (Aflife). <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62338d84 elementor-widget elementor-widget-text-editor\" data-id=\"62338d84\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In 1992 Anglo-American Central Africa Limited (AACCA), a subsidiary of the Anglo-American mining conglomerate, took advantage of the recent liberalisation policies introduced to create a financial services division to tend to the company\u2019s affairs. This division became known as Aflife. AACCA acquired a consultancy on the creation of contractual savings with a few debut mandates. The company initially focused on business in leasing, insurance brokerage, corporate finance pension administration and consultancy and asset management. Pensions administration, consultancy and Asset management services were created and Aflife then pooled the funds in with the Anglo Group of companies to create what is now Saturnia Regna Pension Fund (SRPF).<\/p><p>By 1996 the division had grown to justify incorporation as a separate wholly owned subsidiary. This subsidiary would be mandated to focus solely on pension fund administration, pensions consultancy and asset management. The subsidiary was initially named AACCA Management Services Limited.<\/p><p>As part of a global restructuring of the Anglo-American Group, in 2000 half of AACCA Management Services was partitioned off to form a new strategic alliance. This came by way of capital injection from Botswana Insurance Fund Management (BIFM). By March 2004 Anglo had sold off its remaining 50% of shares as BIFM increased their shareholding to 70%, with Zambian empowerment consortium Menel Management Services acquiring the remaining 30% equity stake.<\/p><p>A change in statutory ownership requirements came in 2006 as the Pension Scheme Regulation (PSRA) (Amendment) Act No. 27 introduced a provision for all pension fund management firms to have a minimum 51% equity stake in the hands of Zambian nationals. In order to achieve requisite compliance Menel Management Services purchased 21% of BIFM shareholding in exercise of their pre-emptive rights. This ownership balance has been maintained henceforth.<\/p><p>The shareholders subsequently decided to fall in line with what was globally accepted industry best practice and separate the functions of asset management on the one hand, and employee benefit administration and consultancy on the other. Aflife continued to offer asset management services, while Aflife Pension Administration (Formerly known as Benefit Consulting Zambia Limited) offered regulated employee benefits administration and consultancy. Individual licenses were sought and each company was overseen by separate independent Board of Directors and management teams.<\/p><p>Aflife Pension Administration, the current fund administrator for Saturnia Regna Pension Fund (SRPF) has overseen its continued growth from the initial seven company membership to over 165 companies catered for under the umbrella fund arrangement. This is in addition to the other pension fund management options available.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1772834c elementor-widget__width-initial elementor-absolute elementor-widget elementor-widget-image\" data-id=\"1772834c\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bencon.co.zm\/staging\/wp-content\/uploads\/2026\/01\/Dot-Pattern-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-66\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6e6aeea0 e-flex e-con-boxed e-con e-parent\" data-id=\"6e6aeea0\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1dfa3d02 e-con-full e-flex e-con e-child\" data-id=\"1dfa3d02\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e589b81 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3e589b81\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Plan for the Future with Confidence<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4984e6a8 elementor-widget-tablet__width-initial elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"4984e6a8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>With decades of experience in pension administration and advisory services, we are ready to help you build, manage, and protect long-term savings for employees and individuals alike. Speak to our team today to explore the right solution for your needs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77678c7 elementor-invisible elementor-widget elementor-widget-button\" data-id=\"77678c7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:480}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/bencon.co.zm\/staging\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get in Touch<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our History Our History Aflife Pension Administration grew out of African Life Financial Services Zambia Limited (Aflife). In 1992 Anglo-American Central Africa Limited (AACCA), a subsidiary of the Anglo-American mining conglomerate, took advantage of the recent liberalisation policies introduced to create a financial services division to tend to the company\u2019s affairs. This division became known [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-208","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/pages\/208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/comments?post=208"}],"version-history":[{"count":31,"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/pages\/208\/revisions"}],"predecessor-version":[{"id":1608,"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/pages\/208\/revisions\/1608"}],"wp:attachment":[{"href":"https:\/\/bencon.co.zm\/staging\/wp-json\/wp\/v2\/media?parent=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}