Pension Rules applicable as from 1 January 2015

The Retirement Pensions Act (‘the Act’) (Chapter 514 of the Laws of Malta) came into force on the 1st January 2015. The new Regulations and Pension Rules also came into force on the 1st January 2015.

A new set of Regulations and Pensions Rules have been issued under the Act to supplement the legal framework for the licensing and regulation of Retirement Schemes (both Occupational and Personal), Retirement Funds and Service Providers related thereto, as well as for the requirement of recognition for persons carrying on back-office administrative services.

Transitional Process (The Retirement Pension Act)

  Note for Information

Rules Issued Under the Retirement Pensions Act, 2011

Glossary to The Pension Rules

  Glossary to the Pension Rules

Pension Rules For Occupational Retirement Schemes (applicable until 17 March 2020)

Part A and Part B – Pension Rules for Occupational Retirement Schemes issued in terms of the Retirement Pensions Act, 2011

Part C Appendices to Pension Rules for Occupational Retirement Schemes

  Part C – Appendix 1 – Contents of the Constitutional Document of an Occupational Retirement Scheme

  Part C – Appendix 2 – Contents of the Scheme Document

  Part C – Appendix 3 – Contents of the Scheme Particulars

  Part C – Appendix 4 – Annual Report

  Part C – Appendix 5 – Half-Yearly Report

  Part C – Appendix 6 – Actuarial Funding Certificate

  Part C – Appendix 7 – Schedule of Payments

  Part C – Appendix 8 – Actuarial Transfer Value Certificate

  Part C – Appendix 9 – Auditor’s and Actuary’s Engagement Letter

  Part C – Appendix 10 – Occupational Retirement Scheme underwriting biometrical risks or guaranteeing any investment performance or a given level of benefits

  Part C – Appendix 11- Personal Questionnaire

  Part C – Appendix 12 – Minimum Requirements for enhancing Employee Mobility by Improving the Acquisition and Preservation of Pension Rights

Part C – Appendix 13 – Encouragement of Long-Term Shareholder Engagement

  Part D – Schedule A – Application for Licensing an Occupational Retirement Scheme

Pension Rules For Personal Retirement Schemes

  Part A and Part B – Pension Rules for Personal Retirement Schemes issued in terms of the Retirement Pensions Act, 2011

Part C Appendices to Pension Rules for Personal Retirement Schemes

  Part C – Appendix 1 – Contents of the Constitutional Document of a Personal Retirement Scheme

  Part C – Appendix 2 – Contents of the Scheme Document

  Part C – Appendix 3 – Contents of the Scheme Particulars

  Part C – Appendix 4 – Annual Report

  Part C – Appendix 5 – Half-Yearly Report

  Part C – Appendix 6- Actuarial Funding Certificate

  Part C – Appendix 7 – Schedule of Payments

  Part C – Appendix 8 – Actuarial Transfer Value Certificate

  Part C – Appendix 9 – Auditor’s and Actuary’s Engagement Letter

  Part C – Appendix 10 – Personal Questionnaire

  Part D – Application for Licensing a Personal Retirement Scheme – Non-Member Directed

  Part D – Application for Licensing a Personal Retirement Scheme – Member Directed

Pension Rules for Retirement Funds

  Part A and Part B – Pension Rules for Retirement Funds issued in terms of the Retirement Pensions Act, 2011

Part C Appendices to Pension Rules for Retirement Funds

  Part C – Appendix 1 – Contents of Constitutional Document

  Part C – Appendix 2 – Contents of Fund Particulars

  Part C – Appendix 3 – Annual Report

  Part C – Appendix 4 – Half-Yearly Report

  Part C – Appendix 5 – Auditors Letter of Engagement

  Part C – Appendix 6 – Personal Questionnaire

  Part D – Schedule A – Application for Licensing of Retirement Funds

Pension Rules for Service Providers

  Part A, Part B, Part C and Part D – Pension Rules for Service Providers Issued in terms of the Retirement Pensions Act, 2011

Part E – Appendices to Pension Rules for Service Providers

  Appendix I – Annex I – Guidance for Automated Interim and Annual Financial Returns

  Appendix I – Annex II – Guidance for Automated Interim and Annual Financial Returns

  Appendix I – Annex III – Calculation of Discounted Fixed Asset and Current Asset Investments

  Appendix I – Annex IV – Financial Returns

  Appendix I – Annex V – Specimen Subordinated Loan Agreement

  Appendix I – Annex VI – Specimen Qualifying Undertaking

  Appendix I – Annex VII – Specimen Bank Guarantee

  Appendix II – Complaints Procedure

  Appendix III – Personal Questionnaire

  Part F – Schedule A – Application for a Licence as a Retirement Scheme Administrator (Full)

  Part F – Schedule B – Application for a Licence as a Retirement Scheme Administrator (Abridged)

  Part F – Schedule C – Application for Licence to provide Investment Management (Full)

  Part F – Schedule D – Application for Licence to provide Investment Management (Abridged)

  Part F – Schedule E – Application for a Licence to Act as a Custodian (Full)

  Part F – Schedule F – Application for a Licence to Act as a Custodian (Abridged)

  Part F – Schedule G – Application for Provision of Back-Office Administration Activities (Full)

  Part F – Schedule H – Application for Provision of Back-Office Administration Activities (Abridged)