Kindly leave a comment and share The House of Representatives yesterday failed to agree over a bill to remove National Assembly Service Commission Staff from the contributory pension scheme (CPS). The bill which was sponsored by Abdulganiyu Olododo seeks to create National Assembly Service Pension Board solely for the staff […]
Pension
PFOs retain N135.44bn uninvested pension fund assets in October
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs) invested N14.45 trillion out of the N14.59 trillion pension fund assets and retained N135.44 billion as cash and other assets in the month of October 2022, Inspenonline can report. This is contrary to some erroneous beliefs that […]
PenCom engages civil society groups to combat old age poverty
Kindly leave a comment and share Chuks Udo Okonta Old age poverty has remained a problem successive governments in Nigeria have being battling to solve through several initiatives and programmes which have not yielded much results. Some of these initiatives put in place by the government are the Contributory Pension […]
Why PFAs are struggling with marketing of micro pension plan – Expert
Kindly leave a comment and share Chuks Udo Okonta An expert in pension matters, Dr. Goodman Ade, has said Pension Fund Administrators (PFAs) are struggling with marketing of Micro Pension Plan (MPP) because they failed to understand that ‘Pension is Sold not Bought’ in a country like Nigeria. He told […]
PFAs struggle with micro pension plan as three firms register six contributors in Q3, 2022
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) seem to be struggling in on-boarding contributors into Micro Pension Plan (MPP) as three firms registered only six subscribers in the third quarter of 2022. The National Pension Commission (PenCom) in its micro pension registration schedule for […]
Stanbic IBTC Pension Managers applauds promoters of ART X Talks
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited has applauded promoters of 2022 ART X Talks and pledged its commitments to promotion of production and collections of art works in Nigeria. The Managing Director, Stanbic IBTC Pension Managers, Olumide Oyetan, in his opening remarks […]
Access Corporation to acquire indirect equity stake in Sigma Pension
Kindly leave a comment and share Access Holdings Plc, trading as Access Corporation (‘the Corporation’) has announced that the National Pension Commission (PenCom) and the Federal Competition and Consumer Protection Commission (“FCCPC”) have granted their approvals to the proposed acquisition by First Guarantee Pension Limited (‘FGPL’) and First Ally Asset […]
PFAs invest N52.87bn in climate change adaptation projects
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N52.87 billion in green bonds, which are focused on climate change related projects, Inspenonline reports. Green bonds are type of debt issued by public or private institutions to fund themselves. It works like regular bond with […]
We are enjoying retirement with AIICO annuity – Retirees
Kindly leave a comment and share Chuks Udo Okonta and Blessing Ogbebor AIICO Insurance’s customers holding the company’s Annuity policy have expressed delight over excellent and satisfactory services rendered, passing a vote of confidence on the company during the 2022 Customer Service Week. This year’s event themed ‘Celebrate Service’ had […]
New mortgage policy ‘ll catalyze pension industry, boost economy – PenOp
Kindly leave a comment and share Press release Pension Operators would like to commend the National Pension Commission (PenCom) for the recent release of the guidelines that brings into effect the use of a portion of one’s Retirement Savings Account (RSA) as equity contribution for obtaining residential mortgages. The provision […]
