Scheme Trustee
1
Take custody and hold in trust of the assets, and securities belonging to the Private Retirement Scheme in trust for the PRS members.
2
Ensure the Scheme is managed and administered by the PRS provider in accordance to the Deeds and all regulatory requirements.
3
Ensure that the Fund has proper records of all transactions, dividends, interest and income received and distributed to unit holders are thoroughly maintained and accounts are audited at the end of each accrual period.
4
Notify the SC of any irregularity, breach, inconsistency or contravention of the covenants of the Deeds or provisions of the laws.
