PenCom orders PFAs to display six-month rate of return on pension savings

 






By allcitynews.ng



In a move to enhance transparency and standardize reporting in the pension industry, the leadership of apex pension regulatory body, National Pension Commission (PenCom) has issued a new directive mandating all Licensed Pension Fund Administrators (PFAs) to update the type of investment information displayed on their official websites.

The directive, contained in a circular, referenced PenCom/lNSP/Surv/2025/1586, dated 12 November 2025 and signed by A.M. Saleem, Director of the Surveillance Department, serves as an addendum to an earlier circular issued in March 2013 on mandatory website disclosures by PFAs.

In the new circular, PenCom formally discontinued the requirement for PFAs to publish daily unit prices of Retirement Savings Account (RSA) and Retiree Funds for the last seven days, a practice in place for over a decade.

Instead, PFAs must now prominently display the last six months’ Rate of Return for all funds under management. The commission explained that the figure represents a three-year rolling average, computed using compounded annual returns in line with regulatory guidelines for Licensed Pension Fund Operators (LPFOs).

“To illustrate, the last six months’ Rate of Return will reflect the 36-month compounded returns for April, May, June, July, August, and September 2025,” the circular stated.

PenCom emphasized that the new Rate of Return metric must be clearly displayed on the homepage of each PFA’s website to ensure easy access for contributors and retirees.

The directive takes immediate effect, and PFAs have been instructed to comply without delay. Stakeholders with inquiries were directed to contact the Surveillance Department.

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