Regulatory Alerts2014-01-01
Guidelines for Pension Administration System Requirements, 2014
The Reserve Bank of Malawi’s Pension and Insurance Supervision Department issued these guidelines to establish minimum information technology requirements for licensed pension fund administrators. The document mandates robust system functionalities, including accurate benefit calculations, flexible reporting, secure data management, and strict IT risk governance. It further outlines comprehensive outsourcing standards and business continuity planning to ensure data integrity, regulatory compliance, and uninterrupted pension operations.
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