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Tag "PFAs"

PenCom: ALL PFAs have complied with N5bn minimum regulatory capital requirement

    PenCom: ALL PFAs have complied with N5bn minimum regulatory capital requirement

The National Pension Commission (PenCom) says all pension fund administrators (PFAs) have complied with its directive of raising the minimum regulatory capital requirement from N1 billion to N5 billion. PenCom

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PenCom: Over 48,000 contributors switched PFAs, transferred N172bn in 2021

    PenCom: Over 48,000 contributors switched PFAs, transferred N172bn in 2021

The National Pension Commission (PenCom) says a total of 48, 543 contributors switched pension fund administrators (PFAs) in 2021, valued at about N171.7 billion. The commission said this in a

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PenCom: Workers withdrew N2.18bn from retirement savings in Q3 

    PenCom: Workers withdrew N2.18bn from retirement savings in Q3 

The National Pension Commission (PenCom) says 1,286 workers withdrew N2.18 billion from the voluntary contributions in their retirement savings account (RSA) between July and September 2020. This was contained in

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PenCom to PFAs: Comply with ground rules or be sanctioned

    PenCom to PFAs: Comply with ground rules or be sanctioned

The National Pension Commission (PenCom) says it will sanction some Pension Fund Administrators (PFAs) for non-compliance with regulatory requirements on the management of the growing pension funds. A compliance report forwarded

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