Tag: PenCom

PenCom Redesigns Pension Plan to Include Informal Sector

Editor

By using super agents and financial technology platforms to streamline onboarding into the nation’s redesigned Personal Pension Plan, the National Pension Commission has announced new initiatives to increase pension coverage in Nigeria’s sizable informal sector. The project was unveiled at the Nigerian Association of Insurance and Pension Editors’ 2025 Annual Conference, which has as its theme “Strengthening Insurance and Pension Frameworks for Better Economy.” The Micro Pension Plan’s acceptance has been minimal since its inception in 2019. The program has not taken off among Nigeria’s millions of unorganised workers, despite…

PenCom issues new guidelines on PFAs’ branches

Editor

The National Pension Commission (PenCom) has released a new circular outlining the operational guidelines for Licensed Pension Fund Administrators (PFAs) regarding their branches and service centers. This directive aims to enhance service delivery by PFAs to meet the growing demand for pension-related services. PenCom, established under the Pension Reform Act 2004, is responsible for regulating, supervising, and ensuring the effective administration of pension matters in Nigeria. The circular specifically targets improving the accessibility and efficiency of services offered to Retirement Savings Account (RSA) holders. The circular outlines specific requirements for…