Regulatory Alerts2026-01-01
Pensions (Superannuation Funds and Retirement Schemes) (Governance) Regulations 2006
The Financial Services Commission issued these regulations to establish governance standards for superannuation funds and retirement schemes in Jamaica. The rules mandate specific board composition limits for sponsor, member, and pensioner trustees while defining strict duties for trustees, agents, sponsors, and advisors regarding conflicts of interest and fiduciary responsibility. Additionally, the regulations enforce requirements for participant meetings, record-keeping, and the timely resolution of unclaimed benefits to ensure scheme integrity.
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