The African University College of Communications (AUCC) will this week launch its Pensions Academy in Accra. This would be the first training institution on pension education in the country.
AUCC will receive technical support from Aidoo Mensah & Associates, Ghana’s premier pensions and benefits consulting firm, and Frontline Capital Advisors Ltd, an investment advisory firm and pension fund management experts.
The purpose of the academy is to provide professional training for trustees of provident fund/occupational pension schemes and other stakeholders involved in the management of the schemes to enable them meet the statutory requirement and manage their schemes effectively. The institute would also train journalists who wish to specialise in pensions reporting.
The Academy will offer the full spectrum of training courses, from introductory programs for entry level trustees, to classes for those who wish to enhance their existing knowledge, up to advanced courses for individuals with prior training and experience managing pensions.
The trustee training course will focus on pensions law and trusts but will also touch on the basic principles related to investment and funding.
The Academy will offer the full spectrum of training courses, from introductory programs for entry level trustees, to classes for those who wish to enhance their existing knowledge, up to advanced courses for individuals with prior training and experience managing pensions.
The Government of Ghana initiated a major reform of pensions in the country in July 2004, leading to the enactment of the National Pensions Act, 2008 (Act 766) in December 2008.
The Pensions Act 766, among others, provides for the introduction of a contributory three-tier pension scheme and the establishment of a National Pensions Regulatory Authority (NPRA) to oversee the administration and management, of registered pension schemes and trustees of registered schemes.
The contributory three-tier pension scheme comprises two mandatory schemes and a voluntary scheme; a first tier basic national social security scheme; a second tier mandatory fully funded and privately managed occupational pension scheme; and a third tier voluntary fully funded and privately managed provident fund and personal pension schemes supported by tax incentives.
Implementation of the new scheme started on January 1, 2010 under a transitional arrangement pension pending the passage of the necessary legislative instrument for its full implementation.
AUCC is a private tertiary institution established by Hon. Kojo Yankah, a former editor of the Daily Graphic, nine years Director of the Ghana Institute of Journalism, seven years Minister of State, and eight years Member of Parliament.
AUCC will receive technical support from Aidoo Mensah & Associates, Ghana’s premier pensions and benefits consulting firm, and Frontline Capital Advisors Ltd, an investment advisory firm and pension fund management experts.
The purpose of the academy is to provide professional training for trustees of provident fund/occupational pension schemes and other stakeholders involved in the management of the schemes to enable them meet the statutory requirement and manage their schemes effectively. The institute would also train journalists who wish to specialise in pensions reporting.
The Academy will offer the full spectrum of training courses, from introductory programs for entry level trustees, to classes for those who wish to enhance their existing knowledge, up to advanced courses for individuals with prior training and experience managing pensions.
The trustee training course will focus on pensions law and trusts but will also touch on the basic principles related to investment and funding.
The Academy will offer the full spectrum of training courses, from introductory programs for entry level trustees, to classes for those who wish to enhance their existing knowledge, up to advanced courses for individuals with prior training and experience managing pensions.
The Government of Ghana initiated a major reform of pensions in the country in July 2004, leading to the enactment of the National Pensions Act, 2008 (Act 766) in December 2008.
The Pensions Act 766, among others, provides for the introduction of a contributory three-tier pension scheme and the establishment of a National Pensions Regulatory Authority (NPRA) to oversee the administration and management, of registered pension schemes and trustees of registered schemes.
The contributory three-tier pension scheme comprises two mandatory schemes and a voluntary scheme; a first tier basic national social security scheme; a second tier mandatory fully funded and privately managed occupational pension scheme; and a third tier voluntary fully funded and privately managed provident fund and personal pension schemes supported by tax incentives.
Implementation of the new scheme started on January 1, 2010 under a transitional arrangement pension pending the passage of the necessary legislative instrument for its full implementation.
AUCC is a private tertiary institution established by Hon. Kojo Yankah, a former editor of the Daily Graphic, nine years Director of the Ghana Institute of Journalism, seven years Minister of State, and eight years Member of Parliament.
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