PROGRESS TRUST CPFA Limited
Regulatory Environment
Pension Reform Act 2014
Pension Reform Act 2014
The Pension industry in Nigeria is regulated by the National Pension Commission (PENCOM) in line with provisions of the Pension Reform Act 2014
PENCOM Guidelines
PENCOM Guidelines
Pencom issues regulations and guidelines on a regular basis to cover different aspects of pension operations. There are stipulated penalties within the Act to sanction any operator who is found to be in breach of the regulations
Fund Custodian
Fund Custodian
In line with the requirements of the Pension Reform Act 2004, every Pension Fund Administrator (PFA) is to appoint a
Pencom licensed Pension Fund Custodian whose responsibility is to hold in its custody the funds and assets of the
PFA. The appointed Custodian for Progress Trust CPFA is Zenith Pensions Custodian.
Financial Statement
Audited Accounts of Progress Trust CPFA Limited (New Fund)