Royal Trust Pension Fund Administrator Limited or “Royal Trust Pension” was incorporated as a limited liability company on the 13th of February 2007. It was granted license by the National Pension Commission (PENCOM) on 21st June, 2007 to operate as a Pension Fund Administrator.
Our core values include professionalism and integrity, respect for the individual, superior customer care, innovation and creativity, team work and world class standards.

The New Pension Scheme

The Pension Reform Act, 2004 applies to all employees in the Public Service of the Federation, Federal Capital Territory and the Private Sector. In the case of Private Sector, the act applies to organizations which employ five (5) or more people.

How Does it Work

Retirement savings accounts are opened with a Pension Fund Administrator of choice and the contributions are sent directly to the Pension Fund Custodian. The Pension Fund Custodian, licensed by the National Pension Commission, maintains custody of contributions while the PFA manages and administers the fund.

Voluntary Contribution

The act also makes provision for voluntary contributions. Contributors in this category are allowed to determine the amount, frequency and investment maturity, for funds invested.