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.
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Our Numbers from inception to May, 2024
10,280,956
CPS Contributors
₦ 1.99 Trillion
Lump Sum
720,044
Retirees
219.8 Million
Nigeria's Population
₦ 19.67 Trillion
Current AUM
36,742
Compliance Certificates
PenOp 2024 First Quarter Newsletter
We are thrilled to share our latest newsletter for 2024, packed with exciting updates from Q4 2023 to January 2024 and important information you would not want to miss!
From insightful industry happenings to various events and more, this newsletter has it all.

In this edition, we'll be covering key topics such as:
- Corporate Social Responsibility
- Maiden Edition of Ask Me Anything (AMA)
- Conferences and Trainings

Thank you for your continued support and interest in PenOp. Together, let's make 2024 a year of growth and success!
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Did you know...

...that you can access 25% of your Retirement Savings Account or Micro pension Account to be used for a Mortgage.
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
Q4 Pension Industry Report
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Q3 Pension Industry Report
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Trainings

PenOp seeks to train and share knowledge within the Pension industry, helping them to learn, unlearn and relearn

Our Members