PenCom Increases Capital Requirement For PFAs To ₦20bn
The National Pension Commission (PenCom) has raised the minimum threshold for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), from ₦2 billion to ₦20 billion. In a circular titled “Revised Minimum Capital Requirements for Licensed Pension Fund Administrators and Pension Fund Custodians”, PenCom stated that PFAs with Assets Under Management (AUM) of ₦500 billion […]

