Section 69 (f) of the Pension Reform Act (PRA 2014) mandates Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to provide annual Fidelity Insurance Cover for all staff to […]
DownloadPFAs would recall the various engagements of the Commission during the process of the development of the Enhanced Contributor Registration System (ECRS), and their subsequent participation in the pilot test […]
DownloadThe requirements of this Regulation are consistent with the provisions of the Pension Reform Act, 2014. The purpose of the Regulation is to provide uniform rules and standards for the […]
DownloadThe main purpose of the Pension Reform is to introduce a pension system that is sustainable and has the capacity to achieve the ultimate goal of providing a stable, predictable […]
DownloadIt has come to the Commission’s attention that following the Circular referenced INSP/CIR/SOD/18/01 of 31 August 2018, some Pension Fund Administrators have been refusing to execute the approvals granted by […]
DownloadFurther to the Circular Ref. PENCOM/INSP/CIR/Surv/18/21 dated 8 August 2018, suspending the use of the Revised Programmed Withdrawal Templates (PWT), you are by this circular requested to revert to the […]
DownloadThe provisions of the Pension Reform Act 2014 (PRA 2014) applies to all employees in the Public Service of the Federation, Federal Capital Territory, States and Local Governments and the […]
DownloadSection 2(3) of the Pension Reform Act, 2014 (PRA 2014) provides that employees of organizations with less than three employees as well as the self-employed persons shall be entitled to […]
DownloadThis is to inform all Pension Fund Administrators that henceforth all requests for approvals
DownloadRe:Implementation Guidelines on Retirement Savings Account (RSA) Multi-Fund Structure (Addendum).
DownloadPlease, recall that the Multi Fund Structure for Retirement Savings Account (RSA) is expected to be effective from Monday, 2nd July, 2018.
DownloadAccordingly, the Commission wishes to notify Licensed Pension Fund Operators and other Stakeholders, of a revised fees structure for the Pension Industry, as follows:
DownloadPursuant to its role as specified in Section 97 of the Pension Reform Act 2004, the National Pension Commission(PenCom) hereby sets out the minimum qualification requirements for appointments to the […]
DownloadThe following are the ICT guidelines serving as a minimum IT requirements for licensed Pension Fund Administrators in Nigeria. The key objective is to midwife a system that is robust, […]
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