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.