Barring any unforeseen circumstances, employers and employees alike should before the end of this month be able to select their preferred service providers for the 3-Tier Pensions Scheme.
This is because the list of the approved service providers of the new scheme namely Trustees, Custodians and Fund managers should be out by this time.
This is according to the National Pensions Regulatory Authority which is re-affirming its commitment to meet its April timeline for licensing the service providers.
According to the Deputy Chief Executive, Sam Pee Yarley, plans are far-advanced to climax the implementation process by the end of this month.
This should provide a major relief to especially the Trustees who lament their inability to generate any returns as businesses to offset their huge investments in infrastructure and employee salaries because they have yet to be licenced.
Mr. Pee Yarley however rejects assertions of delays in the implementation of the scheme especially due to the authority’s lack of resources from government.
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