The Retirement Benefits Authority (RBA) is established under the Retirements Benefits Act No. 3 of 1997 as a body corporate with the core statutory mandate to: regulate and supervise the establishment and management of retirement benefits schemes; protect the interests of members and sponsors of retirement benefits sector; promote the development of the retirement benefits sector; and to advise the Cabinet Secretary on the national policy to be followed with regard to retirement benefits schemes and to implement all Government policies relating thereto.