PFAs invest N5.03tn of N8.64tn pension funds in FGN securities

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have invested N5.03 trillion out of the N8.64 trillion pension assets in Federal Government’s securities, as at the end of December, 2018, the National Pension Commission (PenCom), has said. Data obtained from PenCom stated that 73.09 per cent of the pension funds had […]

Lagos State commences 18% pension contributions, pays N1, 001bn to 177 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has on Thursday, 7th of March, 2019 presented Retirement Benefit Bond Certificates worth One billion, One million and One Hundred and Thirty-Nine Thousand Naira Only (N1,001,139) to 177 Public Service retirees. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos […]

PenCom restructures, gets new heads of departments

  Babatunde Phillips   Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the restructuring of some of its departments for effective coordination of activities. According to the Head, Corporate Communications Department, PenCom, Peter Aghahowa, the restructuring was as a result of the retirement of the former Head of […]

Stanbic IBTC Pensions, two other Stanbic IBTC subsidiaries receive ISO certifications

Stanbic IBTC Asset Management Limited, Stanbic IBTC Trustees Limited, and Stanbic IBTC Pension Managers Limited, members of Stanbic IBTC Holdings PLC, have received the ISO 9001:2015 Certifications, the latest certification in the series, a highly regarded Quality Management System certification globally. Lead Auditor, DQS Management Nigeria Limited, a leading global certification body for quality management […]

Ambode’s trail-blazing implementation of CPS for public service

Ambode The Lagos State Government under the leadership of Governor Akinwunmi Ambode, has long demonstrated its commitment to the implementation of the Pension Reform Act of 2014 which was first passed as the Pension Reform Act of 2004. Indeed, the provisions of that Act, as domesticated in the Laws of Lagos State have been honoured […]

People-friendly products essential for micro pension sector – IEI Pension boss

Etaduovie Leave. Comment and share Chuks Udo Okonta The development of people-friendly products will help attract and accommodate individuals in the micro pension sector, the Managing Director, IEI-Anchor pension Fund Managers Limited, Glory Etaduovie, has posited. He stated this in a paper entitled, Micro Pension – A Further Tool of Financial Inclusion, adding that IEI-Anchor […]

Pension Act violation: Allegations false, unfounded – PenCom Boss

From left on front roll: Secretary/Legal Adviser, National Pension Commission (PenCom), Sani Muhammad; Acting Director General, Mrs. Aisha Dahir-Umar; Head, Benefits & Insurance Department, Mrs. Ekanem Aikhomu; Deputy General Manager, Human Capital Management Department, Mrs. Hadiza Wali-Oniyangi; Office of the Head of the Civil Service of the Federation, Alfred Abah; President of Nigeria Labour Congress,Ayuba […]

Lagos State pays N817.73m pension accrued rights to 138 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government at the 59th Retirement Benefit Bond Certificate Presentation held on Thursday, 31st January, 2019 at the Lagos State Pension Commission (LASPEC) Office Complex, NECA House, Ikeja paid accrued pension rights of N817, 739 million into the Retirement Savings Accounts of138 retirees of […]

PenCom, SMEDAN pursue seamless implementation of micro pension plan

Acting Director General, National Pension Commission, Hajia Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) joint Technical Committee on effective implementation of the Micro Pension Plan is assiduously working out measures to ensure seamless takeoff of the initiative, […]

PenCom grants payment of N98.28bn to disengaged employees with RSA

Acting Director General, National Pension Commission, Hajia Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says a total of N98.28 billion has been paid by the Pension Fund Administrators (PFAs) to 289,126 employees for temporary loss of job, since inception of the Contributory Pension Scheme (CPS), being 25 […]
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