NPRA National Pensions
Regulatory Authority

Courses

Certificate in Pensions Administration

The Certificate in Pensions Administration Course is designed to equip participants with knowledge, understanding, skills, and attitudes that will enable them to manage pension funds effectively. The syllabus and content of the program are designed to make participants acquire a wide range of skills in pensions practice.

The Certificate in Pensions Administration Course consists of eight (8) Modules to be taken in three (3) days for the award of the Certificate as a Trustee in the Pensions industry in Ghana.

Course Code: TC 101 | ONE (1) SESSION

  • 1. The Concepts of Pensions
  • 2. Type of Pensions Schemes
  • 3. Historical Development of Pensions in Ghana:
    • Cap 30
    • Ghana University Superannuation Scheme
    • Armed Forces Pension Scheme
    • The Social Security Schemes
    • Private Pension Schemes
    • The Three-Tier Pension Scheme

    Course Code: TC 102 | THREE (1) SESSION

    • The National Pensions Act, 2008 (766)
    • The National Pensions (Amendment)Act, 2014, Act 883
    • The Basic National Social Security Pensions Regulations, 2011(L.I 1989)
    • The Occupational and Personal Pensions Schemes (General) Regulations, 2011 (L.I 1990)
    • NPRA Operating Guidelines and Codes

    Course Code: TC 103 | ONE (1) SESSION

  • 1. Objectives of the scheme
  • 2. Contribution Rates and Benefits
  • 3. Drafting and Execution of Scheme Rules
  • 4. Appointment of Service Providers
  • 5. Statement of Investment Policy
  • 6. Filing Application with the Regulator

    • Course Code: TC 104 | TWO (1) SESSION

  • 1. Master Trust Schemes –Corporate trustees
  • 2. Employer Sponsored Scheme Assets
  • 3. Fundamentals of Pension Fund Administration:
    • Records Keeping and Standards
    • According Records
    • Benefits Payment
    • Amendments to the Schemes
    • Portability
    • Discontinuation and Winding –Up
  • 4. Fund Management
  • 5. Custodial Services

    • Course Code: TC 105 | TWO (1) SESSION

  • 1. Nature of a Pensions Trust, Trustees Fiduciary Duties and Powers
  • 2. Role of Scheme Advisors and Investment of Scheme Assets
  • 3. Trust Documentation and Criteria for Trustee Fitness and Property
  • 4. Concept, Nature and Management of Conflict of Interest and Dispute Resolutio
  • 5. Trustee’s Responsibility for Sound Governance and Administration

    • Course Code: TC 106 | THREE (1) SESSION

  • 1. Investments Considerations:
    • Introduction to Investment
    • Asset Allocation and Management
    • Portfolio Management
    • Equities, Bonds, Cash, Property, Pooled Investments Vehicles, insurance Policies
    • Risk and Return
    • Performance Measurement
    • Statement of investment Principles
    • NPRA Investment Guidelines
  • 2. Fundamentals of Financial Computations
    • Interest Rates
    • Simple and Compound Interest
    • Accumulation and Discounting
  • 3. Introduction to Life Insurance & Annuity
    • Forms of Insurance
    • Personal Insurance
    • Annuities

    Course Code: TC 107 | THREE (1) SESSION

  • 1. Profit and Loss Accounts Balance Sheet and Cash Flow Statement
  • 2. Interpretation of Financial Statements
  • 3. Pension Fund Accounting
  • 4. NPRA Financial Reporting Format

    • Course Code: TC 108 | ONE (1) SESSION

  • 1. Objectives and Functions of the Authority
  • 2. Industry Regulatory Issues
  • 3. Transitional Issues

    • Course Code Course Title Duration
    PCAP01 Effective Administration of Private Pension Schemes 3 DAYS
    PCGP02 Pensions Governance, Regulations and Best Practices 3 DAYS
    PCRM03 Risk Management in Pensions Administration 3 DAYS
    PCIP04 Strategic Investment of Pensions Funds 3 DAYS
    PCLP05 Fundamentals of Laws Relating to Pensions and Trust 3 DAYS
    PCDR06 Dispute Resolution in Pensions 3 DAYS
    PCDM07 Data Management and IT Applications in Pension Administration 3 DAYS
    PCMC08 Effective Marketing Communication in Pensions 3 DAYS
    PCSP09 Pension Schemes’ Policies Formulation 3 DAYS
    PCRP10 Effective Retirement Planning 3 DAYS
    PCFC11 Combatting Financial Crime in Pensions 3 DAYS
    PCCP12 Best Customer Practice in The Pensions Sector 3 DAYS
    PCAP13 Understanding the Audit Process of Pension Funds – The Responsibility of Trustees 3 DAYS
    PCAP14 Design and Administration of Annuities and Life Insurance Products 3 DAYS
    PCLR15 Longevity Risk on Private and Public Pension 3 DAYS
    PCSS16 Social Security, Principles and Administration 10 DAYS



    CPD - COURSE CONTENTS

    1.

    PCDM07 - DATA MANAGEMENT AND IT APPLICATIONS IN PENSION ADMINISTRATION (pdf)
    2.

    PCAP01 - EFFECTIVE ADMINISTRATION OF PRIVATE PENSION SCHEMES (pdf)
    3.

    PCDR06 - DISPUTE RESOLUTION IN PENSION (pdf)
    4.

    PCLP05 - FUNDAMENTALS OF LAWS RELATING TO PENSIONS & TRUST (pdf)
    5.

    PCGP02 - PENSIONS GOVERNANCE, REGULATIONS AND BEST PRACTICES (pdf)
    6.

    PCIP04 - STRATEGIC INVESTMENT OF PENSIONS FUNDS (pdf)
    7.

    PCRM03 - RISK MANAGEMENT OF PENSION SCHEMES (pdf)

    TIMETABLE

    1.

    TIMETABLE 2024 (pdf)
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