Governance and financial analysts have warned that the Public Service Pension Trust Fund (PSPTF) must undergo sweeping institutional reforms after revelations that the fund paid K90 billion towards the controversial Amaryllis Hotel acquisition without securing legal ownership of the asset. Singo revealed this week that despite paying K90 billion, the pension fund has no title deed, no share certificate, no operational reports and no formal handover for the Blantyre-based hotel. The analysts also expressed concern over audit backlogs dating back to 2021, which Singo said have delayed the declaration of approximately K250 billion in bonuses owed to pension contributors. He has also disclosed that government owes the fund billions of kwacha in outstanding pension contributions, with reconciliation currently underway with the Treasury. The analysts argue that the Amaryllis controversy should serve as a turning point for strengthening governance standards across Malawi’s public pension system and protecting the retirement savings of thousands of civil servants.