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The National Pension Commission (PenCom) has directed all Licensed Pension Fund Administrators (PFAs) to immediately categorise contributions under the Personal Pension Plan (PPP), warning that failure to comply will attract regulatory sanctions. It made this known in a circular dated February 24 and signed by the Commission’s Director of the Surveillance Department, A. M. Saleem. …

The National Pension Commission (PenCom) has raised the minimum capital requirement for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to ₦20 billion from ₦2 billion. It said the revised capital requirements are to take effect immediately for new licences, while existing operators have until December 31, 2026, to comply. The commission announced the …

PenCom Launches Pension Revolution 2.0 to Raise Retirees’ Pay, Expand Coverage

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