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Guidelines & Regulations

Guidelines & Regulations

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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FRAMEWORK FOR THE SUPERVISION OF STATES AND LOCAL GOVERNMENT SCHEMES

The Framework for the Supervision of States and Local Governments Schemes sets out the implementation processes and supervisory machinery to be adopted in ensuring effective and smooth operations of the […]

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FRAMEWORK FOR RESOLUTION OF FAILING OPERATORS IN THE NIGERIAN PENSION INDUSTRY

The framework for resolution of failing Operators in the Nigerian Pension Industry is issued by the National Pension Commission (Commission) in the exercise of its powers under Sections 20 and […]

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FRAMEWORK ON SANCTIONS AND PENALTIES FOR NON COMPLIANCE WITH PRA 2004

FRAMEWORK ON SANCTIONS AND PENALTIES FOR NON COMPLIANCE WITH PRA 2004

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FRAMEWORK FOR REGIME OF SANCTIONS AND PENALTIES

This Framework covers operators (i.e. Pension Fund Administrators and Custodians) as well as Employers. It is expected that employee related compliance issues would be handled through their employers and awareness […]

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FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

FRAMEWORK AND IMPLEMENTATION GUIDELINES FOR RSA RETIREE FUND

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CODE OF ETHICS AND BUSINESS PRACTICES FOR LICENSED PENSION OPERATORS

The requirements of this Code are consistent with the provisions of the Pension Reform Act, 2004 and are also considered enforceable within the industry.

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CODE OF CORPORATE GOVERNANCE FOR LICENSED PENSION OPERATORS

The Code of Corporate Governance essentially aims to set out rules based on best practices to guide PFAs (including CPFAs) and PFCs on the structures and processes to be used […]

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