2017-04-07

Pension Funds Act 24 of 1956

The financial regulator issued Act 24 of 1956 to require comprehensive governance, funding, and investment standards for pension funds. It mandates strict fiduciary duties, regular actuarial valuations, and transparent reporting to safeguard member benefits. Updated in October 2024, the regulation continues to enforce compliance through periodic audits and standardized reporting frameworks.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date April 7, 2017

Last Updated October 16, 2024

Pension Funds - Act 24 of 1956

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