insurance and pension news
Monday, February 3, 2025
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited is pleased to announce the appointment of Dr. Ibrahim Barhama Boyi as the Executive Director, Business Development North and Strategy, effective January 27, 2025. A statement by the firm’s Head, Corporate Strategy and Communications Anji Silas, said Dr. […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Union of Pensioners Contributory Pension Scheme sector (NUPCPS) has called on all retirees under the CPS to go for biometrics capturing that would facilitate a pension increments and other benefits from the government. In an announcement notice that is […]
Kindly leave a comment and share The Contributory Pension Scheme (CPS) was introduced in Nigeria as part of the Pension Reform Act of 2004 to ensure sustainable and transparent pension administration. For retirees under the CPS, understanding how monthly pensions are paid, how pensions are calculated, and how enhancements can […]
Kindly leave a comment and share Chuks Udo Okonta Following the National Pension Commission (PenCom) approval for retirees whose monthly/quarterly pensions are less than N23,333.33, representing one-third of the current minimum wage of N70,000.00, to choose between receiving the outstanding balance in their RSAs en bloc or continuing to receive […]
Kindly leave a comment and share Chuks Udo Okonta About 80 per cent of people who collected pension lump sum at retirement never successfully used the funds for the intended purpose, experts have said. One of the experts, a pension guru said many retirees clave for lump sum even when […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said 312,771 Retirement Savings Account (RSA) holders who were unsatisfied with their Pension Fund Administrators (PFAs) have transfered N1.41 trillion to other firms as at third quarter of 2024. PenCom stated this in the Quarterly […]
Kindly leave a comment and share Chuks Udo Okonta Determined to produce students that are fit and proper for insurance, pension and actuarial science practices, the University of Lagos Insurance and Actuarial Science Department has tailored its curriculum with current developments in the sectors. The Head of Department Actuarial Science […]
Kindly leave a comment and share Chuks Udo Okonta The highly anticipated third season of the FUZE Talent Show, themed ‘Light it Up,’ concluded Saturday, 21 December 2024, with a dazzling finale that showcased Nigeria’s brightest young talents. Organised by Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission PenCom) has said that allowing retirees to access their Retirement Savings Accounts (RSAs) without the payment of accrued pension rights may hinder government from giving attention to release of the fund. The Director-Genera of PenCom Ms. Omolola […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) as part of its transformative initiatives, has empowered retirees to access outstanding Retirement Savings Account (RSA) balance as lump sum, having deployed part of their fund to procure pension benefits that can provide half of their […]
