The Pensions and Insurance Authority (PIA) is the regulatory and supervisory body for the pensions and insurance industries in Zambia. The Authority falls under the Ministry of Finance and derives its mandate from the Pension Scheme Regulation Act No. 28 of 1996 (amended by Act No. 27 of 2005) and the Insurance Act No. 27 of 1997 (amended by Act No. 26 of 2005). The Authority is mandated to protect the interests of pension scheme members and insurance policyholders; and promote the development of the pensions and insurance industries through effective regulation, supervision and excellence in service delivery.