PFAs’ Total Shareholders’ Fund now ₦211.26 Billion
The National Pension Commission (PenCom) has disclosed that the total Shareholders’ Fund for all Pension Fund Administrators (PFAs) in Nigeria is now ₦211.26 billion.
PFAs in Nigeria had been mandated by PenCom to increase their shareholders fund to a minimum of N5 billion by 27 April 2022. PenCom said the increase was necessary because the value of pension fund assets under management and custody had grown exponentially from N3 trillion in 2012 when the last recapitalisation was done. PenCom also said that its oversight function had shown that the old minimum capital of N1 billion was no longer adequate to meet the operational expenses of running a PFA.
In compliance with the N5 billion minimum shareholders fund, the 20 PFAs in Nigeria as at 27 April 2022 had increased their shareholders fund accordingly.
Please see below the Shareholders’ Fund per PFA
Check below for PensionNigeria breakdown of all the important aspects of the PenCom 2nd Quarter 2022 Report
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DONT MISS our 2nd Quarter 2022 Report Series
PenCom 2nd Quarter 2022 Report Executive Summary
Analysis of Pension Operating Environment Q2 2022
Performance of all PFAs in Nigeria for January to June 2022 (Year to Date)
Micro Pension Return on Investment (ROI) for January to June 2022 for all PFAs in Nigeria (Year to Date)
Update on RSA Transfer System (RTS) 2nd Quarter 2022
List of Organisations Issued Compliance Certificates as at 30 June 2022
Status of Contributory Pension Assets as at June 2022
Status of Implementation of CPS in States as at 30 June 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 June 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q2 2022
PFAs’ Total Shareholders’ Fund now ₦211.26 Billion
Update on NSITF & Refund of Pension Contribution to Military & SSS Q2 2022
Recovery Agents recover ₦22.13 billion from Defaulting Employers as PenCom receives 89 complaints
Lagos State committed to ₦2 billion Monthly to clear Outstanding Accrued Rights of its Retirees, this is how the State has performed
PenCom refunds N4.27 Billion as Zamfara State withdraws from Contributory Pension Scheme, what lies ahead for Retirees
PenCom Engagements with State Governments to ensure Retirees receive Pension as and when due Q22022
Micro Pension Contribution per PFA Q2 2022
RSA Registration Age and Gender Breakdown Q2 2022
Update on the Micro Pension Plan Q2 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 June 2022
PenCom approved over N1.58 Trillion for PFAs to pay RSA Holders as at June 2022
Also Check out
Performance of all PFAs in Nigeria for Full Year 2021
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