The Pension Reform Act 2014 (PRA 2014) mandates employers with three or more employees to remit pension contributions into the Retirement Savings Accounts (RSAs) of their employees with Pension Fund Administrators (PFAs). The PRA 2014 further mandates employers to remit the pension contributions of their employees who are yet to open RSAs into nominal RSAs with any PFA chosen at the employers’ discretion.
DownloadThe Financial Services Regulation and Coordinating Committee (FSRCC), in collaboration with National Broadcasting Commission (NBC), wishes to draw the attention of the public to the worrisome increase in the activities of Illegal Financial Operators (IFOs) which portends grave risk to the public confidence and stability of the Nigerian Financial System… download for further details.
DownloadThe public is hereby notified that, further to the acquisition of Access Pension Fund Custodian (APFC) and the transfer of all pension assets under custody to First Pension Custodian Nigeria Limited, the APFC has ceased to exist and the operating license has bee returned to the National Pension Commission.
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