Stanbic IBTC Pension Managers is a licensed Pension Fund Administrator set up with the primary objective of delivering quality pension fund administration and management services to both private and public sector employees covered by the Pension Reform Act 2004.
Stanbic IBTC Pensions has an authorized and paid-up capital of N500 million, significantly above the minimum requirement of N150 million. The Company is a joint venture between Stanbic IBTC Bank and 2 other financial institutions: Access Bank Plc, and Linkage Assurance Plc. Stanbic IBTC Pensions is 70.59% owned and managed by the Stanbic IBTC Group. The combined networth of the Company’s shareholders is close to N100 billion.

Industrial And General Insurance Plc., (IGI) was incorporated on 31st October, 1991 and commenced operation in January 1992 as a composite insurer to transact the business of Life and General Insurance (including Pensions and Special Risks). The Company quickly established a reputation for exceptional competence in the delivery of customer-centric services as well as product innovation.IGI has a wide and diversified investment portfolio comprising investment in money and capital markets, real estate, telecommunication services, mortgage banking, aviation, oil and engineering services, forestry, and health care delivery services, amongst others.

Trustfund Pensions Plc is a company incorporated in Nigeria. The company is licensed by the National Pension Commission, the pension regulatory body, as a pension fund Administrator in accordance with the provisions of the Pension Reform Act 2004. Its sole business is the administration and management of retirement savings (pension funds).At Trustfund our sacred trust is to protect people from poverty and provide financial security at retirement. Trustfund Pensions Plc is an off-shoot of the oldest pension fund institution in Nigeria, Nigeria Social Insurance Trust Fund (NSITF), which has been in the business of pension funds management for over 40 years. Pensioners who retired under the National Provident Fund (NPF) scheme of 1961 and the NSITF scheme of 1993 are some of the pensioners on the monthly pension payroll of Trustfund.

Fidelity Pension Managers Limited (Fidelity Pension) is a subsidiary of Fidelity Bank Plc. It was incorporated on September 22, 2004 as Alliance Management Limited, the change of name took effect from March 30, 2007 to reflect the nature of our business and identify with the Fidelity brand. Our paid up capital is N350m and the shareholders are: Fidelity Bank Plc, FUSL and ICMG Securities Limited.

Sigma Vaughn Sterling Pensions Ltd, (Sigma Pensions) was incorporated in August 2004, with the sole objective of undertaking the business of Pension Fund Administration in Nigeria according to the Pension Reform Act (PRA) and is regulated by the National Pension Commission (PenCom). The company has an authorized share capital of 1,000,000,000 ordinary shares with each of the shares being fully issued and 955,000,000 paid-up. It is important to note that this issued share capital is 755% of the amount required by the Act, this is because the shareholders of Sigma have ensured that there is more than adequate capital available to meet the company`s needs. The shares of the company are held by three corporate bodies, Casi Properties and Investment Limited and two foremost stockbroking firms, namely Messrs Sigma Securities Ltd., Heartbeat Investment Ltd. who have operated in the Nigerian capital and money markets for several years.

First Alliance Pension & Benefits Limited is a licensed Pension Fund Administrator (PFA), incorporated in Nigeria as a private limited liability company on the 15th of November 2004 with the sole objective of managing and administering pension funds.

Pensions Alliance Limited ("PAL") was incorporated on April 14, 2005 to manage and administer retirement savings contributions of employees in Nigeria as a result of the Pension Reform Act of 2004. Pensions Alliance is a joint venture between First Securities Discount House Limited ("FSDH") and African Alliance Insurance Company Limited ("African Alliance").

ARM Pension Managers is principally owned by ARM Investment Managers (ARM), one of Nigeria’s premiere and leading investment companies with over a decade of success managing private and institutional investors. ARM was established in 1994 as an asset management firm with a global perspective. Today, the company has evolved into a full investment company with a range of services including asset management, financial advisory, trust and estate planning, etc.

First Guarantee Pension is a Pension Fund Administrator licensed by the Federal Government (NationaPension Commission) to pioneer the Defined Contributory Pension Scheme in Nigeria. FGP is engaged in the business of Pension Fund Administration and Management in Nigeria. Incorporated in 2004 with a focus on capturing opportunities in the Nigerian financial services sector created by the pension reforms act of 2004. Our services cover the six geopolitical areas of Nigeria.

CrusaderSterling Pensions Limited was incorporated on 12 October, 2004 as a Pension Fund Administrator to administer and manage pension retirement savings contributions of employees in Nigeria in accordance with the Pension Reform Act of 2004. We were granted a licence to operate as a pension fund administrator by the National Pension Commission (PENCOM) in accordance with the provisions of the Pension Reform Act of 2004.

NLPC PFA Ltd. is an associate company of Nigerian Life & Provident Company Ltd( formerly Nigerian Life & Pension Consultant ltd); the foremost Life & Pensions consultancy firm in Nigeria with over 40 years of experience in Pension Fund Management and Consultancy (as at 2009). It has a portfolio of several billions of naira under its management, and over 400 corporate clients in the various industrial sectors, Ministries and Parastatals in Nigeria.

Aiico Pension Managers was granted a license to operate the business of Pension Fund Administration in Nigeria on 13th April, 2006. Aiico Pension Managers Limited has been set up to take advantage of the provision of the Pension Reform Act, 2004. Despite the fact that the minimum statutory share capital requirement for PFA’s is N150 million, we have an authorized & paid up capital of N800 million because we strongly believe that PFA’s will need more than that to keep going before acquiring critical mass. In choosing First Pension Custodian (a subsidiary of First Bank Plc) as our Pension Fund Custodian (PFC) we have identified synergies in reputation, network, capitalization, experience and reliability which will be brought to bear to bring you quality service.

Amana Capital Pension Limited is a Pension Fund Administrator, licensed by the National Pension Commission (PenCom) in Nigeria.Our main concerns in managing your pension funds are safety, security and profitability of your fund.Amana commenced business with a share capital of N600 million and paid up of N300 million.The Board has however approved an increase in the share capital to N1 billion and paid up of N500 million which was achieved by capitalizing part of the deposit for shares that was in our possession. This increase has become necessary to enable us meet the challenges of the robust IT platform that we had deployed and for an efficient and effective roll-out in all the states and major cities in Nigeria.

Future Unity Glanvills Pensions Limited (FUG Pensions), was licensed by  the National Pension Commission on the 21st of June, 2007 to carry on  the business of Pension Fund Administration. Its shareholders include Futureview Financial Services Limited, Unity Bank Plc and Glanvills Enthoven Insurance brokers Limited. FUG Pensions has an authorised share capital of N1Billion and presently operates from five regional offices at Port Harcourt, Ibadan, Abuja, Kano and Lagos and several branch / zonal  offices spread across the country.

Royal Trust Pension Fund Administrators Ltd is a Pension Fund Administrator (PFA) licensed by the National Pension Commission.We have partnered with Diamond Pension Fund Custodian Limited, a licensed Pension Fund Custodian (PFC) owned by Diamond Bank Plc, one of the highly reputed financial services institutions in Nigeria. Through this partnership, we have Pension Service Centres strategically located in all major banking halls of Diamond Bank in cities and towns in Nigeria.

CRIB Pension Fund Managers Limited is a limited liability company incorporated under the Companies and Allied Matters Act as a Pension Fund Administrator (PFA). The company is 100% owned by Nigerian citizens and has been licensed by the National Pension Commission (PENCOM) to carry out the business of Pension Fund Administration under the Pension Reform Act 2004.

Penman Pensions Limited has been specifically incorporated to carry out the Business of Pensions Fund Administration in Nigeria. It has put together a team of distinguished people of impecable business and professional records and credentials from diverse financial and management backgrounds to serve on its board.Our business and operational activities will be driven by a well thought out corporate strategy that will ensure superior operations and service delivery. Our products and services will have clear strategic direction and delivered through functional strategy framework, and be implemented through an organizational structure that is built around highly qualified and experienced professionals, dedicated and trained workforce.The company will provide an operational system that will ensure on-line real time transactions, information generation, as well as provide easy and ... accessibility to qualified users.

Pension Fund Administrator Operations Guidelines from the National Pension Commission

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