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Guidelines & Regulations

Guidelines & Regulations

Guidelines for Micro Pension Plan 2018

Section 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 […]

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Circular on Forwarding of Requests for Refunds in Respect of Employees of States and Local Governments by PFA

This is to inform all Pension Fund Administrators that henceforth all requests for approvals

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Implementation Guidelines On RSA Multi-Fund Structure (Addendum)

Re:Implementation Guidelines on Retirement Savings Account (RSA) Multi-Fund Structure (Addendum).

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RSA Multi Fund Implementation Guidelines

Please, recall that the Multi Fund Structure for Retirement Savings Account (RSA) is expected to be effective from Monday, 2nd  July, 2018.

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Revision of the Fees Structure in the Pension Industry

Accordingly, the Commission wishes to notify Licensed Pension Fund Operators and other Stakeholders, of a revised fees structure for the Pension Industry, as follows:

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GUIDELINES FOR APPOINTMENT TO BOARD AND TOP MANAGEMENT POSITIONS OF PFAS AND PFCS

Pursuant 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 […]

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ICT GUIDELINES

The 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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Revised Fund Accounting Guidelines

This Fund Accounting Guideline is for the regulatory reporting of the financial statements of Pension Funds

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Regulation on Fee Sharing Between Pension Operators and State Pension Bureau

Consequent upon the persistent requests by some State and Local Government (LG) Pension Bureaux/Boards that they be allowed to share in the administration fee being charged on the administration of […]

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FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

NATURE OF THE FUND The Fund shall be strictly for RSA Retirees in both the Private and Public Sectors. COVERAGE The Fund shall be restricted to RSA retirees in the […]

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FRAMEWORK FOR RECOVERY OF OUTSTANDING PENSION CONTRIBUTIONS AND INTEREST PENALTY FROM DEFAULTING EMPLOYERS

Section 11 (5) (b) of the Pension Reform Act (PRA 2004) provides that the employer shall not later than 7 days from the day the employee is paid his/her salary, […]

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REGIME OF SANCTIONS AND PENALTIES FOR NON/LATE SUBMISSION OF REGULATORY RETURNS

Regime of Sanctions and Penalties for Non/Late Submission of Regulatory Returns

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