Pension

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Pension

PenCom to hammer PFAs barring PW retirees from moving into RLA

Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has threatened to sanction Pension Fund Operators (PFOs) that are rejecting provisional Retiree Life Annuity (RLA) agreements presented by retirees already on Programmed Withdrawal (PW) seeking to transfer to RLA as their preferred mode of retirement benefits […]

Pension

Global top 20 pension fund assets rebound strongly

Assets under management (AuM) at the world’s 300 largest pension funds increased in value by 8.0% to a total of $19.5 trillion in 2019, in contrast to the 0.4% decline the year before, according to the latest top 300 pension funds research from Willis Towers Watson’s Thinking Ahead Institute. The […]

Pension

PTAD to remove 21,227 parastatals pensioners from payroll

Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has concluded arrangements to remove 21,227 (Twenty-One Thousand, Two Hundred and Twenty-Seven) Parastatal Pensioners who are on the Directorate’s payroll with effect from October 2020. The affected Parastatal Pensioners are those that did not turn up […]

Insurance Pension

PenCom, NAICOM move to tackle de-marketing by pension, insurance operators, sign MoU

From left: Acting Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar and Commissioner for Insurance, Sunday Thomas at the event. Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) in an epoch-making ceremony today in Abuja, signed off the Revised Regulation […]

Pension

PFAs get N978,492.50 from 25,691 micro pension contributors

Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said a total of 25,691 contributors had registered under the Micro Pension Plan (MPP), as at the end of third 2019 and contributed N978,492.50 to their Retirement Saving Accounts (RSAs). PenCom noted that 4,257 contributors were registered […]

Pension

Lagos State pays N1.01bn to 218 retirees in August 2020

From left: Executive Director, Finance & investment Lagos State Pension Commission, Olumuyiwa Oshin, a retiree and the Director-General, Babalola Obilana, during the 78th batch Bond Certificates presentation ceremony in Lagos. Leave a comment and share Chuks Udo Okonta The Lagos State Government said a total number of 218 retirees have […]