1351 Results Found
Guidelines on Voluntary Contribution Under the Contributory Pension Scheme
Ministry of Finance, Budget and National Planning, Nigeria
The objective of these guidelines includes: to establish a uniform set of rules for the operation of voluntary contributions; provide the necessary modalities for withdrawal; utilize voluntary contributions to enhance retirement benefits; to engage retirees to utilize voluntary contributions to increase their existing pensions.
Nigeria • 2018 • Finance
Guidelines on Corporate Governance for Pension Fund Operators (PFOs)
Ministry of Finance, Budget and National Planning, Nigeria
The aim of these guidelines includes: to incorporate best corporate governance practices in PFOs in Nigeria; to promote corporate values and ethical practices in the pension industry; to specify the roles, responsibilities and management of PFOs; and to align the interest of the board, management and shareholders in the pension fund industry.
Nigeria • 2021 • Finance
Major Amendment to the Rules and Regulations of the Securities and Exchange Commission
Ministry of Finance, Budget and National Planning, Nigeria
This document specifies the major amendment to the rules and regulations of the securities and exchange commission. These amendments cover the recording of transactions with clients and the creation of the new rules.
Nigeria • 2021 • Finance
Whistle Blowing Guidelines for Pensions
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines outline the guidance for reporting regulatory breaches in the pension industry. The guidance cover the responsibility for reporting breaches; actions that cause breaches; reaction to breaches; categories of breaches; procedures for whistleblowing; and enforcement and penalties for breaches.
Nigeria • 2008 • Finance
Implementation of the Pension Reform Act, 2004: Guidelines for Transnational Arrangements
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines guide transnational matters in both the private and public sectors. The guidelines cover accrued retirement benefits rights, contribution to schemes, access to a retirement savings account, management of the existing scheme, and the Nigeria Social Insurance Trust Fund.
Nigeria • 2008 • Finance
Guidelines for the Operations and Supervision of the Pension Transnational Arrangement Department
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines outline the responsibilities and minimum requirements necessary to ensure transparent and efficient operations of the pension transnational arrangement department.
Nigeria • 2009 • Finance
Guidelines for the Operations of Pension Fund Custodians
Ministry of Finance, Budget and National Planning, Nigeria
Following the Pension Reform Act, 2004, this document outlines the procedures for the operations of pension fund custodians and other related matters.
Nigeria • 2017 • Finance
Guidelines for Risk Management Framework for Licensed Pension Operators
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines specify the risk management process; the minimum requirements needed for risk management; the reporting requirements; and the roles and responsibilities of the board and senior management.
Nigeria • 2009 • Finance
Guidelines for the Appointment of Pension Fund Administrators (PFA) and Custodians for State Government and Retiree Funds
Ministry of Finance, Budget and National Planning, Nigeria
This document spells out the modalities for the appointment of pension funds administrators and custodians in line with the Pension Reform Act, 2004.
Nigeria • 2009 • Finance
Data Privacy Policy- Nigeria Pension Commission
Ministry of Finance, Budget and National Planning, Nigeria
This policy by the Nigeria Pension Commission on the use of pensioner’s private data covers: the nature and reason for the collection of personal data; consent of data subject; processing and protection of personal data; storage and retention of personal data; disclosure of personal data; governing laws; and violation of data privacy and remedies.
Nigeria • 2018 • Finance
Guidelines for the Operations of Pension Transnational Arrangement Departments
Ministry of Finance, Budget and National Planning, Nigeria
This document outlines the guidelines for the establishment and supervision of pension transnational arrangement departments by the National Pension Commission, outlining the structure and function of the pension departments and other related guidelines.
Nigeria • 2009 • Finance
Framework for Resolution of Failing operators in the Nigerian Pension Industry
Ministry of Finance, Budget and National Planning, Nigeria
This framework for the resolution of failing operators covers the identification and assessment of risk and supervisory concerns; thresholds and supervisory response; monitoring supervisory actions; termination and modification of supervisory actions; and incentives for merging institutions.
Nigeria • 2011 • Finance
Guidelines for Transnational Contributions Fund
Ministry of Finance, Budget and National Planning, Nigeria
These guidelines outline the modalities for the establishment and management of the Transnational Contributions Fund and other related matters.
Nigeria • 2009 • Finance
Framework for the Recovery of outstanding Pension Contributions and Interest Penalty from defaulting employers
Ministry of Finance, Budget and National Planning, Nigeria
The objective of this framework is for a standard and cost-effective procedure for ensuring the recovery of outstanding pension contributions of employees. The Framework covers the identification of employers with outstanding pension contributions; computation of interest penalty; and the appointment of recovery agents.
Nigeria • 2008 • Finance
Guidelines on Direct Real Estate Investments by Closed Pension Fund Administrators and Approved Existing Schemes
Ministry of Finance, Budget and National Planning, Nigeria
The objective of these guidelines is to standardize the procedures adopted by closed pension fund administrators on any intended direct investment in real estate.
Nigeria • 2011 • Finance
Framework for Regime Sanctions and Penalties
Ministry of Finance, Budget and National Planning, Nigeria
The objective of this framework is to define a regime of sanctions and penalties as deterrents to secure maximum compliance with the pension Act. The framework covers monetary penalties, legal proceedings and public censures.
Nigeria • 2008 • Finance
Framework and Implementation Guidelines for RSA Retiree Fund
Ministry of Finance, Budget and National Planning, Nigeria
The objective of these guidelines is to ensure the fund does not diminish; ensure retiree pension does not lose value; ensure retiree funds are exposed to little risk; ensure retiree funds generate income to cope with inflation; to ensure appropriate fees are charged by portfolio managers.
Nigeria • 2009 • Finance
Penalties for Non-Compliance with Pension Reform Act, 2004
Ministry of Finance, Budget and National Planning, Nigeria
This document list the various compliance standards and the penalties for non-compliance with the pension reform Act.
Nigeria • 2004 • Finance
Guidelines for Appointment to Board and Top Management Positions of Pension Fund Administrators (PFA) and Pension Fund Custodians (PFC)
Ministry of Finance, Budget and National Planning, Nigeria
Following the Pension Reform Act, 2004, these guidelines set out the minimum requirements and qualifications for appointment to boards and top management positions of licensed PFAs and PFCs in Nigeria.
Nigeria • 2009 • Finance
Framework for Micro-Pension Plan
Ministry of Finance, Budget and National Planning, Nigeria
This framework consists of three main strategies: strategies for securing participation in the Micro-Pension Plan; operational modalities for the Micro-Pension Plan; and minimum requirements for participation by licensed pension fund administrators and custodians.
Nigeria • 2018 • Finance