PenCom gets kudos for reverting to old programmed withdrawal template

  Mrs. ┬áDahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has been applauded by stakeholders for heeding complaints of retirees and reverting to the old Programmed Withdrawal (PW) template. PenCom had last week, directed all licensed Pension Fund Administrators (PFAs) to revert to the old programmed withdraw template in […]

Pension assets soar to N8.23trn

Participants *312, 291 workers join CPS in six months Pension assets under the Contributory Pension Scheme (CPS) have increased from N7.52 trillion in December 2017 to N8.23 trillion in June 2018. The Acting Director-Genera, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, who disclosed this during the 3rd annual conference of the National Association of Insurance […]

PenCom enrols 2700 retiring FG employees in FCT, Niger State

Leave a comment and share Chuks Udo Okonta Over 2,700 Federal Civil servants from the Federal Capital Territory (FCT) and Niger State have commenced their verification and enrolment exercise with the National Pension Commission (PenCom) at the Women Development Centre in Abuja. A statement by the Head, Corporate Communications Department PenCom, Peter Aghahowa, said the […]

PFAs rake in N630bn from pension contributors in 5 months

Leave a comment and share Mrs. Aisha Dahir-Umar Chuks Udo Okonta Pension contributors in the country contributed over N630 billion into the kitties of Pension Fund Administrators (PFAs) between January to May 2018, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that the total pension fund assets as at December 2017 […]

Premium Pension earns highest return on investment for RSA holders

From left: (Sitting) managing Director/Chief Executive Office, Umar Sanda Mairami; Executive Director Business Development North & Investment, Kabir Ahmed Tijjani; Executive Director Business Development South & Strategy, Mrs. Kemi Oluwashina; Memebers of the Board, Ibrahim Babayo; Nelson Nweke; Lamido Yuguda and Company Secretary, Nasiru Shall at the event. * Holds 59th board meeting Leave a […]

Lagos State pays N466.855m to 187 retirees in July

Governor Ambode The Lagos State Government has credited N466.855 million to the Retirement Savings Accounts (RSAs) of 187 of its retirees under the Contributory Pension Scheme (CPS) for the month of July. More retirees from the State Universal Basic Education Board (SUBEB) benefitted from this batch of payment. A statement by Lawal Basirat, Public Affairs […]

How PFAs fared on RoI half year 2018

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have continued to harvest good Return on Investment paving ways for improved interest for Retirement Saving Account (RSA) holders. This tremendous growth, prompted the National Pension Commission (PenCom) in December 2017, to mandate PFAs to commenced the enhancement of pensions […]

PenCom to enrol 3000 retiring FG employees in Lagos, Ogun

PenCom staff attending to the would be retirees Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has commenced a verification and enrolment exercise for about 3000 employees of Federal Government Ministries, Departments and Agencies (MDAs) in Ogun and Lagos States that are Treasury-Funded. The Head, Corporate Communications, PenCom, Peter Aghahowa, […]

Pension assets soar to N8.14trn as FG securities gulp N5.71trn

Acting DG, Mrs. Aisha Dahiru-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says the total pension fund assets as at May 2018, was N8.14 trillion. PenCom stated this in its monthly report, which detailed the summary of pension fund assets as at May 31, 2018. According to the pension […]

PenOp, NSE strategise on multi-fund structure

The Pension Fund Operators Association of Nigeria (PenOP) members have met the Nigerian Stock Exchange (NSE) to discuss how the capital market can be developed, especially in light of the Multi-Fund Structure that was kicked off by the pensions industry recently. PenOp President, Mrs Aderonke Adedeji made this known when she led a delegation of […]
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