PenCom Extends Pension Capital Compliance Deadline to June 2027, Easing Pressure on Operators
The Nigerian Pension Commission (PenCom) has extended the deadline for pension capital compliance to June 2027, revising the minimum capital requirements for licensed pension fund administrators (PFA) and pension fund custodians (PFC). The extension provides an additional six months for existing operators to meet the new standards.
PenCom emphasized the importance of maintaining financial stability and integrity within the pension sector while offering flexibility to existing PFAs and PFCs. The regulator will continue to monitor compliance through biannual audits and ensure that any shortfalls in meeting capital requirements are rectified promptly.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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