National Pensions Act,2008 (Act 766)
Section 125: (1) The Board may approve an application for appointment as trustee if the Board is satisfied that the applicant (a) is capable of performing the functions that are required of an approved trustee; and (b) has entered into an undertaking with the Board that the applicant shall not, in relation to a registered scheme of which the applicant is the approved trustee, refuse an application for membership of the scheme made by or on behalf of a person who is (i) not precluded by a provision of this Act from being a member of the scheme, and (ii) required under this Act to be a member of a registered scheme; and (c) shall comply with the Regulations prescribed by the Board. (2) Regulations referred to in subsection (1) (c) may include the following: (a) qualifications that an applicant must have; (b) financial resources that an applicant must have including capital adequacy; (c) in the case of an application by a company, (i) the membership of the company, (ii) the objects of the company as set out in its constitution, and (iii) the suitability of the company's regulation and experience in administering pension fund schemes; (d) in the case of an application by an individual, the applicant must (i) have professional knowledge and experience to administer a pension fund; and (ii) execute a performance guarantee
Subject : Management of Pension FundsProcedure 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
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Fees/ charges
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