Promoting the operations of the pension industry in Nigeria.

We are an independent, non-governmental, non-political and non-profit making body established to ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Our Numbers from inception to February, 2026

11,040,227

CPS Contributors

₦ 2.22 Trillion

Lump Sum

844,000

Retirees

235.6 Million

Nigeria's Population

₦ 27.45 Trillion

Current AUM

40,000

Compliance Certificates

Open a Pension account

Uncredited Contribution Guide

Uncredited Contribution Employer

Uncredited Contribution Beneficiaries

PenOp 2025 Q2 Newsletter

We are pleased to share with you the latest edition of our newsletter, offering a comprehensive view of key developments and activities within Nigeria’s pension industry — from PenOp’s unique perspective.This edition captures a dynamic quarter of engagement, growth, and reflection.

Read the Newsletter >

Did you know...

...that you can access 25% of your Retirement Savings Account or Micro pension Account to be used for a Mortgage.

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RSA Holders or Micro pension contributors who have consistently saved for a period of 5 years or 60 months can now have access to 25% of their savings in their RSA account to be used for the purpose of acquiring a house from a verified mortgage lender.

…that you can transfer from one Pension Fund Administrator (PFA) to another within 1 year or 365 days

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RSA Holders or Micro pension contributors can now initiate a transfer from one PFA to another through the RSA Transfer System (RTS) which is a computer-based application.

…that you can switch between the different fund structures

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The industry has 6 fund structures (with Fund II being the default fund for all RSA holders) and contributors can switch to or from one fund structure to another.

… that with a Micro pension account you are eligible for a 40% contingency withdrawal

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Micro pension is a voluntary contribution for those with less than 3 employees as well as the informal sector of the country (semi-formal, organized informal and unorganized informal).

Research

We keep you informed of all investment opportunities, guidelines and policies within the Pension Industry

Pension Fund Managers Sentiment Report 2026

PenOp Infrastructure Report 2025

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Promoting the operations of the pension industry in Nigeria.

Did you know...

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