The National Pensions Regulatory Authority (NPRA) has granted Shield Pension Trust, a corporate trustee owned by Ghanaians, a complete license and regulation.
The trust uses contemporary technology to provide services in the areas of corporate and individual trustee services, pension scheme administration, consulting, and financial literacy training.
Their objective is to provide safe, individualized retirement services with a focus on transparency and sustainable growth, and their ambition is to be a leading innovator in pension solutions throughout Africa.
Key Pension Products Offered:
Shield Pension Trust (SPT) provides several structured pension solutions tailored to different retirement and savings needs:
Shield Occupational Pension Scheme:
A Tier 2 Master Trust plan compliant with NPRA regulations
Requires employer contributions of 5% of gross salary, forming part of the mandatory 18.5% pension deduction.
Offers portability, allowing members to transfer accumulated benefits when moving jobs.
On retirement, participants can choose a lump sum or monthly payments. In the event of death, beneficiaries receive full benefits within 14 days of a valid claim.
Managed with support from GCB Bank Plc. (custody) and Republic Investment LTD & Cal Asset LTD (fund managers).
Shield Provident Fund Scheme:
A voluntary, tax-advantaged provident fund and master trust scheme offering up to 16.5% tax savings.
Contributions are made via payroll—either by the employer, the employee, or both—with flexibility for pre-tax or after-tax contributions.
Portability is allowed subject to vesting rules; voluntary after-tax contributions may be withdrawn at participant’s discretion.
Administrative support from CBG Bank PLC (custody) and managed by GCB CAPITAL LTD. and Republic Investments (Ghana) Ltd.
Shield “Cedi Kor A Day” Personal Pension Scheme:
A micro-savings plan encouraging daily contributions of just one cedi—a simple, regular way for individuals to build their retirement savings.
In addition to providing financial services, Shield Pension Trust is also involved in outreach and community support.
For example, Shield Pension Trust, under the direction of Managing Director Acheampomaah Opoku Afari, supplied necessary supplies and financial support to aid in the recovery of impacted traders in January 2025 after a devastating fire at Accra’s Kantamanto Market on January 1, 2025.
Shield Pension Trust offers a comprehensive and flexible suite of retirement products tailored across different income levels—from formal employer-based contributions to micro-savings for the individual. Their strong regulatory compliance, community engagement, and modern administrative tools position them as a reputable player in Ghana’s pension space.
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