Framework for Resolution of Failing Operators in the Nigerian Pension Industry
About this Framework
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 54 of the Pension Reform Act 2004 (PRA 2004). The framework is intended to standardize its actions in dealing with failing Operators.
The framework defines thresholds for regulatory intervention as well as various resolution options that would be employed by the Commission under different circumstances.