Occupational And Personal Pension Schemes (General) Regulations, 2011 (LI 1990)
Regulation 28
An approved trustee of a registered scheme shall in the administration of the scheme
(a) exercise a level of care, skill, diligence and prudence that is reasonably expected of a prudent person who is acting in a similar capacity and who is familiar with the operation of registered schemes;
(b) make use of relevant knowledge and skill that the trustee is reasonably expected to have due to the trustee's business or occupation;
(c) ensure that the funds of the scheme are invested in different investments to minimize the risk of losses except where in particular circumstances it is prudent to have only one investment;
(d) act in the interest of the scheme members and not in the trustee's own interest;
(e) act in accordance with the governing rules of the scheme; and
(f) supervise and exercise proper control over service providers appointed or engaged for the purposes of the scheme.
Procedure to Follow
Not Avaiable
Responsible Institution
National Pensions Regulatory Authority
SU Towers Accra
- Email: info@npra.gov.gh
- Website: npra.gov.gh
- GPS:
- Telephone: 0302968692
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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