Guidelines for Deductions from Member Benefits in Accordance with Section 52 of the Retirement Funds Act (2022)
In exercise of the powers conferred by Section 4 (2) (d) of the NBFIRA Act (2016), the Regulatory Authority hereby issues Guidelines for a clear procedure and standard application of Section 52 of the Retirement Funds Act by the Board of Trustees, pending the finalisation of the Retirement Funds Regulations.
The development of the Guidelines follows the industry consultation held in December 2022 and related correspondence on the Retirement Funds Act.
