We are licensed by the retirement benefits authority to carry out fund administration services a mandate we take seriously and are very passionate about.
What is Enwealth Pension Administration?
Structure of the Fund Administration.
We have within the fund administration, three departments and they are as follows:
- Records & Data Management
- Investment Accounting
- Secretarial Legal & Compliance
Records & Data Management Services include:
- Contributions crediting to the members accounts
- Member contributions reconciliations
- Income allocation to the members accounts
- Issuance of member benefits statements
- Computation of members benefits and pension payroll administration
- Management of member relations for actives and non-actives
- Keeping and updating nomination of beneficiary’s records
- Management of members annual general meeting
- Annuity options advice for members leaving the scheme at retirement
- Scheme cash flow management in liaison with the fund manager
- Maintaining the scheme books of accounts
- Reconciliations with bank accounts and reports from service providers
Secretarial Legal & Compliance Management Services include:
- Scheme compliance management
- Review of scheme trust deed and rules
- Management of compliance of service providers agreements
- Submission of periodic returns to regulatory authorities
- Computation of members benefits and pension payroll administration
- Preparation of BOT notice and agenda