• Continuous violations constitute a ground for cancellation of licence of insurance operators Leave a comment and share Chuks Udo Okonta The Insurance Industry Consolidated Bill, has barred insurance companies from granting any discount or rebate in the approved rate of premium in respect of insurance made compulsory by law […]
Author: admin
Pension operators get N178.21bn interest on investment in fixed income securities
Leave a comment and share Chuks Udo Okonta The interests/coupons received on investments in fixed income securities amounted to N178.21 billion in Fourth quarter 2020, National Pension Commission (PenCom) has said. This was contained in the fourth quarter report released recently by PenCom. According the pension sector regulator, the amount […]
32 states shun group life insurance cover for workers
Leave a comment and share Chuks Udo Okonta In spite efforts by the National Pension Commission (PenCom) and the Nigerian Council of Registered Insurance Brokers (NCRIB) to get all states in the country to adopt group life policy for their workers, 32 out of the 36 states have refused to […]
SUNU Assurances celebrates women for setting new records
Female staff of SUNU Assurances during the celebration of the event in in Lagos. Leave a comment and share Chuks Udo Okonta To observe International Women’s Day, Insurance giant, SUNU Assurances Plc is celebrating achievements and acknowledging the increasing visibility of women in every sphere of the company’s operations. The […]
PenCom recovers N553,03m from 19 defaulting employers
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs), the sum of N553,033,652.01, representing principal contribution of N382,462,161.65 and penalties of […]
Job loss: 11,796 disengaged RSA holders get N5.33bn benefits in 3 months
Leave a comment and share Chuks Udo Okonta As more people moved into the unemployment circle due to harsh economic situations, the Contributory Pension Scheme (CPS) is providing succour as 11,796 Retirement Savings Account (RSA) holders have accessed N5.33 billion from their RSA balance in the fourth quarter of 2020. […]
PenOp celebrates amazing female chief executives
Female chief executives in the pension sector Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) in commemoration of the International Women’s Day, is celebrating amazing female chief executives who dared to be different and challenged the status quo. The Chief Executive Officer […]
Micro pension gains traction as more contributors withdraw from contingent fund
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Micro Pension Plan (MPP) is gaining popularity as more people are leveraging it to plan their activities and future retirement. According to data obtained from the National Pension Commission (PenCom), during the fourth quarter of 2020, 20 Pension […]
FBNInsurance unveils new product SmartHealth International Plan to brokers
Ojumah Leave a comment and share Chuks Udo Okonta FBNInsurance Limited, recently held its second Brokers’ Forum to introduce its newly launched health insurance product, SmartHealth International, to its Brokers. The Forum, which was aimed at introducing the product to the Brokers, was well attended by over 30 top ranking […]
STI boss celebrates women, calls them iconic
Soyinka Leave a comment and share Chuks Udo Okonta As the world gets set to celebrate the International Women’s Day on March 8, 2021, the Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has described the Female employees of the Underwriting Firm as very iconic […]
