The National Pension Commission (PenCom) has issued a new circular empowering Pension Fund Administrators (PFAs) to directly appoint external auditors and actuaries for Approved Existing Schemes (AES) and Additional Benefits Schemes (ABS). The directive, signed by A. M. Saleem, Director of the Surveillance Department, follows a discovery that many Trustees and Sponsor Companies have failed … Continue reading PenCom Empowers PFAs To Appoint Auditors For Defaulting Retirement Schemes