Tag: PenCom to hammer PFAs for wrong payment of death benefits

Pension

PenCom to hammer PFAs for wrong payment of death benefits

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) will henceforth be liable and pay from their statutory reserve fund in the event of payment of death benefits to wrong beneficiaries, the National Pension Commission (PenCom) has warned. PenCom stated this in a circular entitled: ‘Addendum to […]