Company Information

Get to know National Pension Scheme Authority

The National Pension Scheme Authority (NAPSA) was established in February 2000 by the National Pension Scheme Act No. 40 of 1996. Its primary mandate is to administer the National Pension Scheme throughout Zambia. The authority is responsible for registering members and employers, collecting mandatory contributions, investing the scheme's funds prudently to ensure their growth and sustainability, and paying out benefits to eligible members upon retirement, death, or invalidity. NAPSA plays a crucial role in the social and economic fabric of Zambia by providing a safety net for the nation's formal sector workforce.

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Financial Wealth Management

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National Pension Scheme Authority

Zambia

Founded in

Feb 2000 (26 Years)

Founded

Last online: No recent activity

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Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.