NPRA cites pensions college, data bank to justify 10-storey building project

The National Pensions Regulatory Authority (NPRA) has defended plans to construct a 10-storey building under the second phase of its office project, citing plans to establish a pensions college and a data bank for the pensions industry.

According to the representative, "the authority initially planned a four-storey structure because it lacked the funds to construct a 10-storey building at the time.

A representative of the authority, appearing before a Parliament's Public Accounts Committee, said the proposed facilities would support training for industry professionals and other stakeholders, as well as provide a central repository for data across the pensions industry.