Occupational And Personal Pension Schemes (General) Regulations, 2011 (LI 1990)

Regulation 6 (1) For the purposes of this regulation (a) "member-nominated trustee" includes 'member-nominated directors; (b) "requirements" means the requirements for trustees to put in place and implement arrangements to provide that at least one-third of the trustees are member-nominated trustees; and (c) "trustees" means trustees of an occupational pension scheme or provident fund scheme or a group personal pension scheme registered by the Authority. (2) A trustee shall ensure that arrangements are put in place to provide for at least one-third of the total number of trustees to be member-nominated trustees within six months after the registration of a scheme and implement the arrangements. (3) For schemes where all the trustees are individuals or individuals and companies, the member-nominated trustees' requirements rather than the member-nominated director's requirements apply. (4) Where a trustee body comprises both individuals and companies, each company counts as a single trustee for the purpose of determining the total number of trustees. (5) For schemes where all the trustees are companies, the member-nominated director's requirements apply. (6) Where a company is the sole trustee then the member-nominated director's requirements apply to the total number of company directors. (7) Where a trustee body has more than one company as trustee then the member-nominated director's requirements apply separately to each company.

Procedures to Follow




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Responsible Institution

National Pensions Regulatory Authority

SU Towers Accra
Email:info@npra.gov.gh
Website:npra.gov.gh

Relevant Forms to Download

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Fees / Charges




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