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Frequently Asked Questions

  • Home
  • Frequently Asked Questions
  • Management of the New Pension Scheme

WHAT IS THE DIFFERENCE BETWEEN A PFA AND A PFC?

The PFA manages and invests the pension funds while the PFC keeps the pension funds and assets in safe custody and carries out
transactions on behalf of the PFA.




Frequently Asked Questions

  • Economic Effect of New Pension Scheme
  • Governance and Integrity of the New Pension Scheme
  • Management of the New Pension Scheme
  • New Pension Scheme Introduction
  • Payment of Retirement Benefits
  • Transitional Arrangements from the old Pension Scheme

Related Content

  • PFAs Performance Record
  • FAQs On RSA Transfer System
  • WHAT DOES ‘FULLY FUNDED’ PENSION SCHEME MEAN?
  • WHO IS QUALIFIED TO BE LICENCED AS A CLOSED PFA?
  • CAN ANY EMPLOYER BE ALLOWED TO CONTINUE TO MAINTAIN ITS EXISTING SCHEME IF THE TOTAL ASSETS IN THE SCHEME IS LESS THAN N500,000,000?
  • IS IT ONLY EMPLOYEES THAT JOIN AN ORGANISATION AFTER THE COMMENCEMENT OF THE PENSION REFORM ACT THAT CAN ELECT TO OPT OUT OF A CLOSED PFA?
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