Pension Industry Recapitalization

The Nigerian pension regulator, PenCom, has definitively confirmed that the mandatory recapitalization of Pension Fund Administrators (PFAs) remains on track, with a strict deadline of June 2027 for compliance, after which non-compliant operators will lose their licenses. This policy is expected to drive industry consolidation through mergers and acquisitions, strengthening the overall financial system. Simultaneously, PenCom is intensifying enforcement on employer compliance, collaborating with anti-corruption bodies and labor unions to recover unpaid pensionContinue Reading