Departments

1. Supervision Department

Until July 2010, this department was called Compliance department. It has since changed its name to Supervision Department to be in line with the new risk based supervision model adopted by the Authority. The department has now revised its supervisory approach from compliance-based to a more proactive risk based supervision system effective 1st July 2010.

The department is mandated to effectively supervise and enforce the law in order to achieve timely quality service to the retirement benefits sector. To conduct its function appropriately the department is split into three sections: registration & licensing, compliance and complaints. A brief description of each section function is provided below...learn more

2. Internal Audit & Risk Management Department

The main objective of the Internal Audit & Risk Management department is to assist the Retirement Benefits Authority (RBA) accomplish its objectives by providing an independent, objective assurance and advisory service with regard to governance, risk management, internal control, and accountability processes. The department provides the Authority with analyses, recommendations, counsel, and information concerning the activities reviewed.

The department is committed to ensuring that the Authority upholds good corporate governance, effective risk management and internal control processes.

3. Research Department

The mission of the department is to Develop the retirement benefits sector through research, strategic policy guidance and ensuring efficient quality service delivery. The Vision of the department is to lead retirement benefits solution provider through research.

The objectives of the department include conducting at least four research papers per year, providing 2 comprehensive strategic policy guidelines and continually improving the level of customer satisfaction...learn more