There are currently 22 licensed PFAs in the country.
Reacting on the importance of the recapitalisation exercise, the Chief Executive Officer, PenOp, Oguche Agudah, said, “A well-capitalised industry will enable the sector to affect its various shareholders and the Nigerian economy in a positive way.” He said PenOp had convened a summit focused on providing an avenue for decision makers and executives in the pension industry to engage with various advisers on strategies for raising additional capital.He said the operators were urged to leverage the recapitalisation exercise as an opportunity to restrategise and reposition their operations to compete better in a more recapitalised and competitive industry.
“The goal for the association was to use the forum to answer some of the questions on the minds of its members and ensure they are well equipped for issues they may encounter as they work on different strategies towards meeting the recapitalisation requirement,” he said. The 22 PFAs currently licensed to operate in the industry are: AIICO Pension Managers Limited, APT Pension Fund Managers Limited, ARM Pension Managers Limited, Crusader Sterling Pensions Limited, FCMB Pensions Limited, Fidelity Pension Managers, First Guarantee Pension Limited, IEI-Anchor Pension Managers Limited, Investment One Pension Managers Limited, Leadway Pensure PFA Limited, Nigerian University Pension Management Company, NLPC Pension Fund Administrators Limited, NPF Pensions Limited,...