Nigeria - 2014 - Finance

Revised Regulation on Retiree Life Annuity Pursuant to the Pension Reform Act, 2014

Ministry of Finance, Budget and National Planning, Nigeria

This Act provides regulation for life annuity business in Nigeria including eligibility of insurance companies; application requirements; payment process; cancellation of Retiree Life Annuity contract; transfer of Retiree Life Annuity funds and assets; death of an annuitant; investment of Retiree Life Annuity funds; custody and safeguard of Retiree Life Annuity Assets; and complaint handling process and other related matters.

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Revised Regulation on Retiree Life Annuity Pursuant to the Pension Reform Act, 2014 Current Version

January 2022

This Act provides regulation for life annuity business in Nigeria including eligibility of insurance companies; application requirements; payment process; cancellation of Retiree Life Annuity contract; transfer of Retiree Life Annuity funds and assets; death of an annuitant; investment of Retiree Life Annuity funds; custody and safeguard of Retiree Life Annuity Assets; and complaint handling process and other related matters.

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