insurance and pension news
Saturday, April 27, 2024
*Exceeds 2023 financial targets Kindly leave a comment and share Chuks Udo Okonta Leadway Pensure, one of Nigeria’s leading pension fund administrators, has concluded the 2023 financial year, recording a 25 per cent annual fund growth, exceeding its financial targets set for the year. This remarkable achievement comes on the […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has recovered N12.45 billion from employers that failed to contribute towards their employees retirement. The recovery would indeed help in wealth creation for the workers, thereby securing them against old age poverty in retirement. […]
Kindly leave a comment and share Chuks Udo Okonta Poor remuneration has debarred 159,994 Nigerian workers, whose Retirement Savings Account (RSA) balances as the time of retirement could not provide a monthly pension of at least one-third of the prevailing minimum wage of N30,000 from earning retirement benefits. The National […]
Kindly leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer of Premium Pension Limited Umar Mairami, has been elected as the new President of Pension Fund Operators Association of Nigeria (PenOp). He takes over from Olumide Oyetan, whose tenure as President ended on March 31, 2024. […]
Kindly leave a comment and share The Pension Fund Operators Association of Nigeria (PenOp), in the spirit of the 2024 International Women’s Day celebrations with the theme Inspire Inclusion, organised a hybrid event to commemorate the day. International Women’s Day (IWD) is a global celebration held annually on March 8. […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said N19.21 trillion out of the N19.53 trillion as January 31, 2024 has been invested by Pension Fund Operators (PFOs). PenCom in its Unaudited Report on Pension Funds Industry Portfolio for the Period Ended January […]
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and a leading pension fund administrator in Nigeria, in a significant display of corporate social responsibility (CSR) has renovated the Yaba Psychiatric Hospital Ward MS/F3 in Lagos, with over N100 million. […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said the N1.18 trillion surge in pension fund assets gain in January 2024 was driven by foreign currency denominated investments made by Closed Pension Fund Administrators (CPFAs) and Existing Schemes. Findings by Inspenonline, revealed that […]
Kindly leave a comment and share Chuks Udo Okonta The pension fund assets stood at N19.53 trillion as at January 31, 2024, as against N18.36 trillion in December 31, 2023, gaining N1.17 trillion. The National Pension Commission (PenCom) stated this today in its Unaudited Report on Pension Funds Industry Portfolio […]
Kindly leave a comment and share Chuks Udo Okonta The Director-General of National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government. She also responded to claims that PenCom was owing Federal Government retirees […]
