Addendum to Circular on Framework for Resolution of Failing Operators

The Commission has observed the need to develop a criteria for appointment of Pension Fund Administrators (PFAs) that would manage the pension assets of failing Operators. Consequently, it has reviewed the Framework for Resolution of Failing Operators in the Nigerian Pension Industry (Framework) to incorporate the selection criteria of PFAs as well as amend Section 8 relating to incentives for Merging Institutions as an addendum to the Framework.