2026-07-08
Added
The Registrar of Pension Funds requires that pension fund contributions be utilized exclusively for benefits provided in the fund's rules, prohibiting the use of such contributions to pay insurance premiums for separately insured benefits. This directive applies to all registered pension fund organizations in Namibia and renders the transmission of fund contributions to insurers for third-party policies inconsistent with the Pension Funds Act. The requirement is effective immediately as of 25 April 2019.