How many pension fund administrator do we have in Nigeria?
FG names 13 pension administrators. Thirteen firms were on Sunday named as Pension Fund Administrators by the National Pension Commission known as PenCom. They include NLPC Pension Fund Administrators; IBTC Investment Managers Limited; and AIICO Pension Managers Limited.
Who are the pension fund custodians in Nigeria?
Pension Fund Custodians
- Access Pension Fund Custodian Limited. MANAGING DIRECTOR: MRS. IDU OKWUOSA.
- First Pension Custodian Nigeria Limited. MANAGING DIRECTOR: OLORUNTIMILEHIN GEORGE.
- UBA Pensions Custodian Limited. MANAGING DIRECTOR: BLESSING OGWU.
- Zenith Pensions Custodian Limited. MANAGING DIRECTOR: NKEM ONI-EGBOMA.
How do I check my Nlpc account?
You can also send an email to [email protected] for further enquiries….Contact Center.
| To check your account balance | Press 1 |
|---|---|
| To check your last transaction | Press 2 |
| To update details | Press 3 |
| To register with NLPC PFA | Press 4 |
What is pension fund administration?
A Pension Fund Administrator (PFA) is a company licensed by the National Pension Commission to manage and invest the pension funds in the employee’s Retirement Savings Account (RSA).
How long does it take for pension fund to be paid?
It typically takes between 4 and 12 weeks to process a retirement fund pay-out (21 business days at 10X Investments), from the time your last contribution is invested or the required instruction forms are received by the administrator (whichever is the later).
What does a pension fund administrator do?
What are the functions of a pension fund administrator (PFA)?
Open a Retirement Savings Account (RSA) for all employees who choose it
What is the job description of a fund administrator?
Job description. Investment fund administrators are responsible for servicing and managing a fund: a group of people (shareholders) pool their savings to invest in financial assets, typically securities or shares.
Who is a pension fund administrator (PFA)?
WHO IS A PENSION FUND ADMINISTRATOR (PFA)? A Pension Fund Administrator (PFA) is a company licensed by the National Pension Commission to manage and invest the pension funds in the employee’s Retirement Savings Account (RSA).
Is your pension fund taxable?
(1) As a general matter, your pension benefits are fully taxable if you did not contribute anything to the pension or annuity. That is, pensions funded by another (i.e., your employer) are taxable in the same way that wages paid to you by your employer are taxed.