Leave a comment and share The National Pension Commission (PenCom) and Pension Fund Operators (PFOs) have determined the financial implication and commenced setting aside required levy toward successful implementation of the Pension Protection Fund (PPF), Inspenonline can report. Information obtained from PenCom revealed that PFAs had continued to pay monthly […]
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ARIAN holds annual managers’ training on November 19
Leave a comment and share Chuks Udo Okonta Determined to upscale the skill of insurance managers, the Association of Registered Insurance Agents of Nigeria (ARIAN) is set to hold its annual managers’ training. The event which is billed for Friday, November 19, 2021 at the Lagos Chamber of Commerce & […]
Photo: Faces at launch of Sovereign Trust Insurance mobile app
Stanbic IBTC Pension Managers, Trustfund Pension lead recapitalisation trip with robust shareholders’ funds
Leave a comment and share Chuks Udo Okonta As the pension sector recapitalisation heats up, where Pension Fund Administrators (PFAs) scramble to raise their shareholders’ fund from N1 billion to N5 billion, some of them are already at the conform zone waiting for others to arrive. Such privileged companies include, […]
8 PFAs have recapitalised – PenOp
Leave a comment and share Chuks Udo Okonta The Chief Executive Officer, Pension Fund Operators Association of Nigeria (PenOp) Oguche Agudah, said eight out of the 22 Pension Fund Administrators (PFAs) have scaled the recapitalisation hurdle of raising their capital from N1 billion to N5 billion, placed by the National […]
AIO Executive Committee courts NIA support on achieving set 5-point agenda
Leave a comment and share Chuks Udo Okonta The Executive Committee of the African Insurance Organisation (AIO) has met with the Nigerian Insurers Association (NIA) on behalf of the Nigerian insurance market, coveting supports to achieve its set 5-point agenda and other objectives. The AIO team was led by its […]
PenCom decries irregular funding of 3.5 million RSAs
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has expressed worries over the irregular funding of Retirement Savings Accounts (RSAs) by employers as out of the 9.27 million accounts as at December 31, 2020, 3.5 million had funding issues. PenCom stated this in a report […]
Pension fund operators earn N136.45bn income in 2020
Leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs), which are Pension Fund Administrators (PFAs); Closed Pension Fund Administrators (CPFAs) and Pension Fund Custodians (PFCs) generated a combined earnings of N136.45 billion in 2020, the National Pension Commission (PenCom) has said. Data obtained from PenCom revealed that […]
Pension fund assets gain N100.57bn in one month, peak at N13.00tn in September 2021
Leave a comment and share Chuks Udo Okonta The pension fund assets gained N100.57 billion between August and September 2021, moving from N12.90 trillion to N13.00 trillion. This was revealed in data obtained from the National Pension Commission (PenCom). According to the pension industry regulator, the value of the N13.00 […]
NCRIB, Inspen celebrate Commissioner for Insurance Sunday Thomas on his birthday
Leave a comment and share Chuks Udo Okonta The President of Nigerian Council of Registered Insurance Brokers (NCRIB) Barr. Rotimi Edu, mni, has on behalf of the Governing Board and entire membership, joined numerous well wishers to celebrate the Commissioner for Insurance, Sunday Thomas, FCIB, as he inches up in […]
