A Custodian of a retirement benefit scheme shall:-

  • Hold the funds, assets and investments of retirement benefits schemes in safe custody for members and beneficiaries of the scheme.
  • Receive contributions made to the schemes.
  • Notify the administrator and fund manager of the receipt of the contributions.
  • Be responsible for collecting of dividends and income in relation to investments of the scheme.
  • Be responsible for processing and transferring documents.
  • Report to the Authority on matters relating to assets and investments of the scheme.