Pension Fund Custodians (PFCs) are responsible for keeping safe custody of pension assets on trust on behalf of contributors. The main functions of PFCs are to receive pension contributions on behalf of PFAs; settle transactions and undertake activities relating to the administration of pension fund investments on behalf of PFAs and to notify the PFA within 24 hours of the receipt of pension contributions from employers.
PenCom considers applications for license to operate as a PFC from entities that fulfil the requirements as enshrined in Section 62 of the PRA 2014. The applicant company must be wholly owned by a licensed financial institution with specified net worth as may be determined by PenCom from time to time. In addition, the parent company must issue a guarantee to the full value of pension assets held by the PFC.
Every Pension Fund Administrator (PFA) has an account with a Pension Fund Custodian (PFC), its that account that the PFA advises employers to pay their employees’ pension contributions into for subsequent transfer into your Retirement Savings Account (RSA). As an RSA holder, you have no business with the PFC, if you have any issue with your RSA, you are to contact your Pension Fund Administrator (PFA).
Below are the Pension Fund Custodians (PFCs) in Nigeria.
Access Pension Fund Custodian Limited
MANAGING DIRECTOR: IDU OKWUOSA
Official Address: No. 1A, Tiamiyu Savage Street, Victoria Island, Lagos
Phone: +234 – 1 – 2713680, +234 – 1 – 4613652, +234 – 1 – 4613754, +234 – 1 – 4613799, +234 – 1 – 4613753
First Pension Custodian Nigeria Limited
MANAGING DIRECTOR: KUNLE LAWAL JINADU
Official Address: 6 Maduike Street, Off Awolowo Road, Ikoyi, Lagos
Phone: +234 – 1 – 2692896, +234 – 1 – 2713019, +234 – 1 – 2713217, +234 – 1 – 2662721
Email: email@example.com firstname.lastname@example.org
UBA Pensions Custodian Limited
MANAGING DIRECTOR: BAYO YUSUF
Official Address: 3rd Floor, Plot 22b, Idowu Taylor Street, Victoria Island, Lagos.
Abuja Liaison Office, 2nd Floor, UBA House, 18, Adetokunbo Ademola Crescent Wuse II, Abuja.
Phone: +234 – 1 – 2702627, +234 – 1 – 2718000-4.
Abuja liaison office Numbers, +234 – 8190538105, +234 – 8023618859.
Email: email@example.com firstname.lastname@example.org
Zenith Pensions Custodian Limited
MANAGING DIRECTOR: NKEM ONI-EGBOMA
Official Address: Civic Towers (4th & 5th Floors) Ozumba Mbadiwe Road, Victoria Island, Lagos.
Phone: +234 – 1 – 2712793, +234 – 1 – 2712794, +234 – 1 – 2712795