Regulatory Alerts2019-08-01 | 24050Added · Updated
Guideline on Pension Plan Governance
The Central Bank of Trinidad and Tobago establishes a governance framework for privately administered pension plans, requiring them to be established under irrevocable trust with specific provisions in their Trust Deed and Rules. Registered plans must appoint either a corporate trustee with a management committee or a board of at least three individual trustees, including a member-appointed representative. Trustees are mandated to maintain comprehensive policies on compliance, investments, communication, and administration, while conducting triennial reviews of investment policies and submitting actuarial valuation reports and audited financial statements to the regulator.
Topics
Share