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PenCom Launches PENCAP to Boost RSA Data Accuracy

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PenCom

PenCom PENCAP Launch enables RSA holders to update pension records online, improving data integrity, verification, and service delivery across PFAs

The National Pension Commission (PenCom) has launched a self-service online data recapture application, the Data Recapture Self-Service Platform (PENCAP), in collaboration with Pension Fund Administrators (PFAs).

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Also read: PenCom Recapitalisation of PFAs on Track for 2027

The launch took place on Sunday, February 1, 2026, and is designed to allow Retirement Savings Account (RSA) holders to update personal records remotely without visiting their PFAs.

PenCom stated that PENCAP targets RSA holders who joined the Contributory Pension Scheme (CPS) on or before July 1, 2019, and have not yet completed the data recapture process.

“This initiative marks another key step by PenCom to enhance data integrity, improve service delivery, and modernise pension administration through responsible digitalisation,” the commission said.

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The commission explained that accurate and up-to-date data is fundamental to the efficient administration of retirement savings.

Over time, inconsistencies from legacy records and incomplete documentation have posed challenges during verification and benefit processing.

PENCAP provides contributors a secure and convenient channel to recapture their data, supporting faster benefit processing, smoother verification exercises, and an improved service experience.

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Also read: PenCom Police Pension Reform Proposal Seeks 75% Salary

The Data Recapture Exercise, which commenced in August 2019, aligns with the Federal Government’s directive for data harmonisation with the National Identity Management Commission (NIMC).

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Coronation Registrars Records 34.8% NGX Market Share in 2025

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Coronation

Coronation Registrars dominates Nigerian Exchange with 34.8% market share, processing ₦1.28 trillion in dividends and improving shareholder data in 2025

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