Regulatory Alerts2026-05-08
Added · Updated
Standards Under the Financial Institutions and Markets Act 2021: Retirement Funds
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has published four new standards to regulate retirement funds under the Financial Institutions and Markets Act 2021. These standards establish a precise calculation method for actuarial surplus, mandate detailed valuator investigations and certification of technical provisions for both defined benefit and contribution funds, and specify minimum data employers must provide regarding member contributions. Additionally, the regulations set mandatory requirements for fund rules and their amendments to ensure financial soundness, clear membership eligibility, and consistent benefit payments across all registered retirement schemes.
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