PenCom Mandates BVN for Pension Accounts Starting February 1

The National Pension Commission (PenCom) has announced the mandatory inclusion of Bank Verification Numbers (BVN) for all Retirement Savings Account (RSA) registrations and data recapture processes, effective February 1. In a circular issued by PenCom’s Head of Surveillance, A.M. Saleem, the commission stated that the move is designed to strengthen the security and integrity of […]