Retirement Benefits Authority
Question 1a) Discuss the role/functions of the Retirement Benefits Authority in regulating retirement benefits.
The functions of the Retirement Benefits Authority (RBA) include:
To regulate and supervise the establishment and management of retirement benefits schemes.
To protect the interest of members and sponsors of retirement benefit schemes.
To promote the development of the retirement benefits industry.
To advise the Minister for Finance on the national policy to be followed with regard to the retirement benefits sector.
To implement all government policies relating to it, i.e. the Retirement Benefits Authority.
Perform any other functions conferred on it by the Retirement Benefits Authority Act or by any other written law.
Ensure schemes come into compliance with the Act.
Receiving and addressing members¡¦ complaints with regard to their schemes or benefits.
General education campaign using print, radio, TV, newsletter, website. e. t. c.
Specific education e.......
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Approximate Word Count: 1061
Approximate Pages: 5 (250 words per double-spaced page)
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