insurance and pension news
Wednesday, January 1, 2025
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 […]
*Empowers retirees with sufficient funds to obtain significant lump sum amount Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has lifted the restriction of lump sum access to a maximum of 50 per cent of the Retirement Savings Account (RSA) balance to enable retirees […]
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a leading pension fund administrator in Nigeria, is proud to announce that it has been awarded the prestigious title of ‘Most Financially Inclusive Pension Company of the Year’ at the recently held International Financial Inclusion Conference (IFIC’24). […]
By Ivo Takor Introduction The news making the rounds is that the Federal Government has released funds amounting to N44 billions to settle the accrued pension rights of federal retirees in Ministries, Departments, and Agencies (MDAs). According to the National Pension Commission (PenCom), the funds will cover retirees who left […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the release of ₦44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriation for the period January to June. These funds have been deposited […]
Kindly leave a comment and share Chuks Udo Okonta Amid calls from some quarters for the police to exit the Contributory Pension Scheme (CPS), the military which exited the Scheme some years ago is having challenges in the payment of pensions to retired service personnel. It will be recalled that […]
