Guidelines on Transitional Arrangements (Voluntary Schemes)

PROVISIONAL REGISTRATION OF

PROVIDENT FUNDS AND GROUP PERSONAL PENSION SCHEMES

1.0 INTRODUCTION

1.1 Section 129 of the National Pensions Act, 2008(Act 766) provides for the application for registration of provident fund schemes as employer sponsored schemes or master trust schemes.

1.2.   Section 135 of Act 766 provides for the application for registration as personal pension schemes.

1.3.  Section 208 of the Act provides that the National Pensions Regulatory Authority (“the Authority”) may issue Guidelines for the guidance of approved  trustees, service providers and to all institutions and persons concerned with this Act.

1.4       The Authority hereby issues these Guidelines on transitional matters relating to the application for  provisional registration of  provident funds as employer sponsored schemes  and informal sector schemes  as group personal pension schemes  under the Act’.

1.5       The Guidelines will be revised from time to time by the Authority.