Licensing Regime
Licensing directives stipulate minimum requirements for applicants to operate in the pension sector. The table below briefly summarises some of the requirements for each type of the pension fund or pension service provider. Applicants are however advised to read through the applicable directives to fully understand all the requirements.
| Entity | Application Fee | Minimum Capital | Governance | Duration |
|---|---|---|---|---|
| Pension Services Company | K500,000.00 | K250 Million | Board of Directors | Perpetual |
| Pension Administration | K400,000.00 | K100 Million | Board of Directors | Perpetual |
| Pension Fund | K50,000.00 | K100 Million | Board of Trusteess | Perpetual |
| Pension Broker | K50,000.00 | N/A | Board of Directors | Renewal on yearly basis |
| Pension Trustee | K10,000.00 | N/A | N/A | Perpetual |