National Pension Commission (PenCom) Non Interest Fund (Fund VI) Application Form Link Portal 2021/2022 is now opened for interested applicants to apply online. We are glad to infirm you about the ongoing 2021/2022 PenCom Non Interest Fund (Fund VI) Application Form. Get started below.
Are you interested applying for National Pension Commission (PenCom) Non Interest Fund (Fund VI) Application Form? Opportunity is here for to apply and register online. Get started here.
PenCom hereby informs pension contributors and retirees that it has introduced a Non-interest Fund (Fund Vi) and issued an Operational Framework and how to apply for the Fund.
This is in furtherance of the implementation of the Multi-Fund Investment Structure, which seeks to provide investment portfolio choices to pension contributors and retirees.
Brief About PenCom Non Interest Fund (Fund VI) Application Form
The PenCom Non Interest Fund is a loan scheme established for pension contributors and retirees. It is a fund that complies with the provisions of Islamic Commercial Jurisprudence and any other established non-interest principles, as approved by the Financial Regulation Advisory Council of Experts (FRACE) or any other body constituted by the Central Bank of Nigeria and the Securities and Exchange Commission, from time to time.
How to apply /register for PenCom Non Interest Fund Application Form
To apply online, please visit your pension fund Administrator or visit the PenCom website www.pencom.gov.ng for further information.
PenCom Non Interest Fund Application Form can be obtained from the Commission’s website as well as the various Pension Fund Administrators (PFAs).
All Pension Fund Administrators (PFAs) are required to create and maintain the Non-interest Fund (Fund VI) for interested Retirement Savings Account (RSA) holders.
The Fund shall be separated into two funds for Active RSA holders and Retirees respectively.
RSA holders in Fund I, II, III and retirees in Fund IV are eligible to move their RSA Contributions to the Non-interest Fund (Fund Vi) by making a formal request to the PFA, in line with the provisions of the RSA Multi-fund implementation Guidelines and Section 7.6 of the Investment Regulation dealing with Transfers between Fund Types within a PFA.
The Non-interest Fund offers a viable alternative to the conventional interest-based financial instruments for pension funds investment.
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