Chuks at the station discussing pension issues Inspen Media will today Friday launch its pidgin programme on radio, which is aimed at deepening pension awareness. The programme tagged: Retirement Mata, will be aired on NAIJA FM 102.7 from 5:00 – 5:30 PM. The 30 minutes live programme will focus on […]
Pension
Expert advice artisans to embrace micro pension scheme
A financial expert, Mr Mufutau Oyegunle, on Wednesday advised Nigerians in the informal sector to embrace the micro pension contributory scheme being developed by National Pension Commission (PenCom). Oyegunle told the News Agency of Nigeria (NAN) in Lagos that the scheme, which would begin in 2017, would enable them develop […]
FG clears N54bn pension backlog – Minister
Adeosun The Federal Government said it has cleared the inherited arrears of accrued pension benefit for pensioners who retired under the Contributory Pension Scheme for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission (PenCom) for onward payment to the retirees. Minister of Finance, […]
Stanbic IBTC underscores role of employers in pension scheme
Leave a comment and share Stanbic IBTC Pension Managers Limited, has described as fundamental the role of employers in Nigeria’s nascent Contributory Pension Scheme (CPS), a status that obligates them to highlight the importance and value of pension provision among their employees. This was as employers of labour in Nigeria’s […]
Retirees pay N157.09bn annuity premium to insurers
Leave a comment and share Chuks Udo Okonta Annuity premium paid by retirees to life insurers as at June 2016 stood at N157.09 billion, Inspen has learnt. The National Pension Commission (PenCom) stated this in its 2016 second quarter report. PenCom noted that it approved a total of 2511 applications […]
169,419 disengaged workers get N52.91bn from PFAs
Leave a comment and share Chuks Udo Okonta About 169,419 Retirement Saving Account (RSA) holders under the age of 50 years who were disengaged from work and were unable to secure another job within four months of disengagement, have received N52.91 billion as 25 per cent of their RSA balance, […]
Insurers to move over N164.7bn to pension sector
Leave a comment and share Chuks Udo Okonta Insurance operators seemed to be stuck between a rock and a hard place as they have to move over N164.7 billion to the pension industry, Inspen can report. The funds include the over N145 billion annuity assets they were mandated to keep […]
Lagos State pays N582.19m to 109 retirees
Mrs Onanuga Leave a comment and share Chuks Udo Okonta Lagos State Governor, Akinwunmi Ambode, has released the sum of N582. 195 million to pay 109 retirees’ entitlements for the month of March, 2017. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC), stated […]
Inspen retirement mata debuts on Naija FM
Chuks Inspen Media has launched a pidgin programme on radio, which is aimed at deepening pension awareness. A statement by its Chief Executive Officer, Chuks Udo Okonta, said the programme tagged: Retirement Mata, which is billed to commence Friday, April 7, 2017, will be aired on NAIJA FM 102.7 on […]
Nigeria pension office sacks five deputy directors for alleged employment fraud
Executive Secretary, Pension Transitional Arrangement Directorate, PTAD, Barr. Sharon Ikeazor [Photo: icpc.gov.ng] Bassey Udo Five deputy directors of the Pensions Transitional Arrangement Directorate, PTAD, have been fired for alleged employment fraud, the agency said Tuesday. The officials were sacked after a staff verification exercise revealed they breached established regulations prior […]
