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Circulars

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CIRCULAR ON MINIMUM SHARE CAPITAL REQUIREMENT FOR LICENSED PENSION FUND ADMINISTRATORS (PFA)

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The Commission has through its oversight function observed that the minimum paid up share capital of N150 million was no longer adequate to meet the operational expenses of a PFA business given its intensive IT nature and an average gestation period of 5 years. The Commission had consulted with the pension industry for its input on the new minimum capital requirement for PFAs. The input of the pension industry and subsequent review by the Commission resulted in the presentation of a technical paper to the Board of PenCom on the issue.




Circulars

  • IMPLEMENTATION GUIDELINES ON RSA MULTI-FUND STRUCTURE (ADDENDUM)

Guidelines & Regulations

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Related Content

  • CIRCULAR ON FEE STRUCTURE FOR NON-INTEREST FUND (FUND VI)
  • CIRCULAR ON FEE STRUCTURE FOR THE MICRO PENSION FUND
  • CIRCULAR ON REVISED MINIMUM SHARE CAPITAL REQUIREMENT FOR LICENSED PFAs
  • CIRCULAR ON RECLASSIFICATION AND VALUATION OF PENSION FUND ASSETS UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS 9)
  • RE: PAYMENT OF DEATH BENEFIT
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