(1) The Agency shall be entitled to fees charged on returns on Plan Funds or assets under management of the Funds Managers at a rate that shall be determined by the Agency in consultation with the Funds Managers.

(2) Every Funds Manager shall deduct the fee from the total returns on Plan Funds or assets under management of the Funds Managers and remit the deduction to the Agency at the end of every quarter.

(3) The fee remitted to the Agency under subsection (2) shall be applied by the Agency for the purposes

(a) of the operational and other expenses of the Agency; and

(b) other uses of benefit to the Scheme that the Agency may determine in accordance with Regulations made under this Act.