Stanbic IBTC Pension Managers positions for new pension initiatives

From left: Executive Director, Operations, Steve Elusope; Chief Executive, Eric Fajemisin; Head, Business Development, Mrs. Nike Bajomo; and Executive Director, Investments, Oladele Sotubo; all of Stanbic IBTC Pension Managers Limited at the event. .Assets Under Management in excess of N2.53trn Leave a comment and share Chuks Udo Okonta With Assets Under Management (AUM) in excess […]

Pension assets move to N8trn

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension contributions have moved from N7.779 trillion in March 2018 to N8 trillion, Inspenonline has learnt. The Head of Research and Corporate Strategy Department at PenCom, Dr. Farouk Aminu, who disclosed this on a television programme, noted that the pension funds have continued […]

Pension reform and the tardiness of accrued rights

By Paddy Ezeala It has been severally reiterated that the Contributory Pension Scheme (CPS) is arguably the most successful initiative of the Federal Government since the return to democratic governance in 1999. The plight of pensioners under the previous Defined Benefit Scheme (DBS); before the enactment of the Pension Reform Act in 2004, is not […]

Osun, Delta, Ogun two others struggling to remit pension contributions

Leave a comment and share Chuks Udo Okonta States such as Ogun; Delta; Osun; Anambra and Niger are really struggling to meet their pension contributions responsibilities, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that remittances by Osun state are inconsistent resulting in huge backlog of pension contributions, while Ogun State […]

Reps to probe PenCom over allegations on violation of provisions of the Public Procurement Act

Members of the House of Representatives on Wednesday unanimously expressed support for the probe of various allegations bothering on violation of provisions of the Public Procurement Act and financial mismanagement by the National Pension Commission (PenCom). The resolution was passed sequel to the adoption of a motion sponsored by Zakariya’u Galadima, who accused the Commission […]

FG outstanding pension liabilities hit N97.55bn

Acting DG, PenCOm, Mrs. Aisha Dahiru-Umar Leave a comment and share Chuks Udo Okonta Federal Government unpaid pension accrued rights for the period covering May 2017 to April 2018 stands at N97.55 billion, Inspenonline can report. According to the National Pension Commission (PenCom) the outstanding accrued rights of Federal Government employees who retired in 2017 […]

Premium Pension appoints Kemi Oluwashina as Executive Director

Mrs Oluwashina Leave a comment and share Chuks Udo Okonta The Board of Premium Pension Limited, has appointed Mrs. Kemi Oluwashina as Executive Director Business Development South & Strategy, a move which is part of its strategy to achieve higher Business Development potentials and repositioning the Company to greater enviable heights, A statement by the […]

Micro pension contributions to be remitted daily, weekly, monthly

Acting Director General, PenCom Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Micro pension contributors may make contributions daily, weekly, monthly or as may be convenient to them, the National Pension Commission (PenCom), has said. PenCom stated this in its recently released draft guidelines for micro pension plan, adding that the plan is […]

390,000 workers join CPS in two months

Leave a comment and share Chuks Udo Okonta Between January and February, 2018, 390,000 workers from the public and private sectors of the economy joined the new Contributory Pension Scheme (CPS), the National Pension Commission (PenCom), has said. The Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar, said this today In her opening remarks at the workshop […]

Lagos State pays N892m pension accrued rights to 156 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has paid N892 million pension accrued rights into the Retirement Saving Accounts (RSAs) of 156 retirees. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC) said the Governor, who was represented at the event by the […]
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