Mrs Anohu-Amazu and other PenCom’s executives The Contributory Pension Scheme (CPS) has yielded N5.3trillion, but Pension Fund Administrators (PFAs) are shying away from investing contributors’ and retirees’ funds in foreign capital and money market instruments. Instead, pension funds in Retirement Saving Accounts (RSA) of active contributors and retirees are being […]
Pension
Pension fund managers eye N20trillion pension assets
Longe By ZAKA KHALIQ (NEWSWATCH TIMES NEWSPAPER) Pension Fund Administrators(PFAs) across the country said they are expecting the pension assets to have risen to N20 trillion in the next eight years. Speaking on behalf of the pension fund managers at a media briefing in Lagos, the Chairman, Pension Funds Operators […]
PenOp tackles unhealthy competition with code of ethics
Kari Leave a comment and share Chuks Udo Okonta The President, Pension Fund Operators Association of Nigeria (PenOp), Eguarekhide Longe, said the association would soon instil code of ethics to stem unhealthy competition amongst members. He disclosed this in an interview, stating that the association wants to wipe out unhealthy […]
CPS: Before More Critically Ill, Permanently Disabled Retirees are Sent to Early Grave
Denying a man in coma, one suffering from stroke, a permanently disabled person, a one that is terminally or critically ill access money, which he could use to save his life just because the law said so is the height of man’s inhumanity to man. This underscores the urgent need […]
Pension operators are ready to invest in infrastructural bond – Longe
Chairman Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe (4th right) and other executives and operators at the event. Leave a comment and share Chuks Udo Okonta Pension Fund Operators Association of Nigeria (PenOp) the umbrella body of Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) has said […]
Prioritize reinforcing governance of public pension fund management
The Yomiuri Shimbun To manage a massive amount of funds safely and efficiently, it is vital to build an effective organization and system suited to carrying out the task. A council of the Health, Labor and Welfare Ministry has proposed that the current ban on direct stock investment by the […]
PenCom DG bags the Sun public service award
Leave a comment and share Chuks Udo Okonta The Director-General National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu has bagged the 2015 the Sun award in the Public Service category. The award plaque was presented to her alongside other winners, including the Leader of the All Progressives Congress (APC), Asiwaju Bola […]
N5.31tn pension funds not idle – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has reiterated that the over N5.31 trillion pension funds are not laying idle in any bank account as alleged by those who do not understand the working of the Contributory Pension Scheme (CPS). Its Director-General Mrs Chinelo […]
PenCom creates special function unit to drive micro pension
Director-General PenCom Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has established a special function unit to drive the micro pension plan, Inspen can report. The commission disclosed this on its website, stressing that in implementing the micro pension initiative, the informal […]
PFAs are ready for 20m anticipated subscribers – Longe
The Contributory Pension Scheme (CPS) remains the best initiative the pension industry has ever had, as it is able to tackle corruption and also ensure better life for workers at retirement, a characteristic that was lacking in the old pension scheme. In this interview with Chuks Udo Okonta, the President, […]
