Regulatory Alerts2026-07-08
Added
PI-PF-04-2003 – Voluntary Termination
The Namibia Financial Institutions Supervisory Authority declares the voluntary dissolution of a participating employer within an umbrella scheme illegal and orders it to cease with immediate effect. Principal officers of umbrella schemes, pension funds, and administrators must instead utilize a section 14 transfer to move the employer to a preservation fund or another pension fund organization. If the employer is no longer in business, normal withdrawal benefit calculations must be followed, and payments to member-employees may only occur once the business entity has ceased and the employment relationship has stopped.
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