Welcome to the digital portal of Pension Asset Managers (PenAm) Limited. Please read these Terms and Conditions carefully before using our platform.
1. Agreement & Acceptance
By accessing, browsing, or utilizing this website, portal, or any of our digital services (collectively, the "Platform"), you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions of Use (the "Terms"). These Terms constitute a binding legal agreement between PenAm and yourself. If you do not agree to these Terms, please immediately discontinue the use of our Platform.
2. Regulatory Compliance & Legal Framework
Pension Asset Managers (PenAm) Limited is fully licensed and regulated by the National Pension Commission (PenCom) in accordance with the provisions of the Pension Reform Act 2014 and subsequent amendments. These Terms and all Platform interactions are governed by and construed in accordance with the laws of the Federal Republic of Nigeria.
3. Portal Services & Statutory Rules
Access to our online services, interactive pension planning modules, and subscriber client portal is subject to registration, verification, and compliance checks (such as the mandatory PenCom Data Recapture Exercise). Contributions made through the Platform are subject to statutory guidelines, including the mandatory 18% minimum pension contribution rate (10% employer, 8% employee) under the PRA 2014, and the 40% contingency / 60% retirement split structure for the Personal Pension Plan (PPP).
4. Nature of Information & Financial Projections
All content, calculators, and tools available on this website (including the Retirement Wealth Planner) are provided for general informational and illustrative planning purposes only. They do not constitute official financial, tax, or investment advice. Historical fund yields (such as Fund II's YOY returns) are not guarantees of future performance. You should seek independent professional advice before making any final retirement or portfolio allocation decisions.
5. Intellectual Property Rights
PenAm retains all copyright, trademark, and intellectual property rights in all materials, layout designs, brand logos, graphics, and interactive scripts published on the Platform. You are permitted to download or print copies of documents for personal, non-commercial use only, provided all copyright notices remain intact. Any unauthorized linking, framing, deep-linking, metatagging, or copying of Platform content without prior written permission is strictly prohibited. For inquiries, contact info@penampensions.com.
6. Privacy & Data Protection
We are committed to securing your personal and biometric data in accordance with the Nigeria Data Protection Act (NDPA) 2023 and PenCom guidelines. Encryption, digital verification (such as the remote "I am Alive" verification exercise), and security audits are utilized to mitigate risk. However, you acknowledge that transmission of data over the internet carries inherent risks, and PenAm cannot guarantee absolute immunity from malicious third-party interference.
7. Disclaimer & Custodian Limitation of Liability
The Platform is provided "as is" and "as available" without warranties of any kind. Under the Nigerian pension framework, all pension funds and assets are held physically by PenCom-approved independent Pension Fund Custodians (PFCs). PenAm is not liable for system outages, liquidity delays, or institutional issues originating directly from Custodians or regulatory infrastructure. PenAm disclaims all liability for any direct, indirect, or consequential damages resulting from Platform usage.
8. External Links & Feeds
We may provide links to external websites (such as the PenCom official portal) for user convenience. PenAm does not verify or endorse third-party content and is not responsible for the privacy policies, operations, or accuracy of linked external sites. Live financial data feeds displayed on the site may be delayed by at least 15 minutes.
9. Dispute Resolution & Arbitration
Any dispute arising from the use of the Platform or the interpretation of these Terms shall be referred to and resolved by binding arbitration under the Arbitration and Mediation Act, 2023. The dispute shall be submitted to a mutually agreed sole arbitrator, with the venue of arbitration located in Lagos, Nigeria. The arbitration proceedings shall be conducted in English, and the arbitral award shall be final and binding on both parties.
10. Legal Address for Notices
All legal notices to PenAm must be delivered in writing to:
Head, Legal & Company Secretary
Pension Asset Managers (PenAm) Limited
No. 6, Bissau Street, Wuse Zone 6, Abuja, F. C. T., Nigeria
Email: info@penampensions.com
