The National Pension Commission (PenCom) has raised the capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) from N5 billion to N20 billion for PFAs. 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...The post PenCom Increases PFAs’ Capital Base To N20bn appeared first on New Telegraph.
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