Retirement Benefits Authority

Retirement Benefits Authority (RBA) is a regulatory body under the National Treasury, established under Retirement Benefits Act. The Retirement Benefits Act was enacted as part of the on-going reform process in the financial sector in order to bring the retirement benefits industry under a harmonized legislation, to address the many problems that have hitherto faced the industry. Retirement Benefits Authority is mandated to: Regulate and supervise the establishment and management of retirement benefits schemes; Protect the interests of members and sponsors of retirement benefits sector; Promote the development of the retirement benefits sector Advise the Cabinet Secretary, National Treasury on the national policy to be followed with regard to retirement benefits industry Implement all government policies relating to the industry