Kindly leave a comment and share Chuks Udo Okonta At a time most workers are worried about their retirement, only 46 Retirement Savings Account (RSA) holders in state governments’ employment are leveraging Voluntary Contributions (VC) to plan, even as 46,911 of their counterparts in federal and private sector have saved […]
Pension
11 RSA holders get PenCom’s approval for residential mortgage
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) yesterday, granted approval to applications by 11 Retirement Savings Account (RSA) holders seeking to own houses through the pension residential mortgage scheme. Inspenonline gathered that PenCom received 18 applications from RSA holders, but seven of them […]
Leadway Pensure bags West Africa Most Outstanding PFA brand of Decade award
Kindly leave a comment and share Leadway Pensure PFA Limited, one of Nigeria’s foremost Pension Fund Administrator (PFA), has been named West Africa’s Most Outstanding PFA Brand of the Decade at the 2023 edition of the West Africa Brands Excellence Awards. The award organisers recognised the leading PFA for its […]
84% of RSA registration are below 40 years – PenCom
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said 84 per cent of Retirement Savings Account (RSA) registration in the fourth quarter 2022 are below 40 years, an addication that the younger generation are actively being enlisted into the Contributory Pension scheme (CPS). […]
82 aggrieved workers drag employers to PenCom over non-remittance of pension contributions
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it received 82 complaints relating to non-remittance of pension contributions in the fourth quarter of 2022. PenCom stated this in its fourth quarter 2022 report, adding that out of the number received, seven complaints were […]
PenCom stops employers from robbing workers of N24.15bn pension contributions
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has through its Recovery Agents (RAs) stopped erring employers from robbing their workers of N24.15 billion pension contributions. PenCom said the amount has been recovered from defaulting employers since the commencement of the recovery exercise in […]
Three states faithful to pension remittance – PenCom
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said only Lagos; Edo and Kaduna are states faithfully remitting employers and employees pension contributions. PenCom in its fourth quarter 2022 report, stated that Lagos; Osun; Kaduna; Delta; Ekiti; Ondo; Edo; Benue; Anambra and Federal […]
Premium Pension appoints Bennedikter Molokwu as Independent Director
Kindly leave a comment and share Chuks Udo Okonta The Board of Premium Pension Limited has appointed Ms. Bennedikter China Molokwu as an Independent Director. A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed Ali, said she succeeded the former Independent Director Professor Nat Ofo who retired from the […]
PenCom enlists 29 commercial banks to provide residential mortgage lending services
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has approved 29 commercial banks to provide residential mortgage lending services to Retirement Savings Account (RSA) holders. PenCom disclosed this in a document obtained by Inspenonline. PenCom stated that it wishes to inform stakeholders that further […]
159.91m informal sector workers shut out of micro pension plan as PFAs register 89,327
Kindly leave a comment and share Chuks Udo Okonta A whopping 159.91 million informal sector workers in the country are yet to be convinced by Pension Fund Administrators (PFAs) to embrace the Micro Pension Plan (MPP) at a time only 89,327 of them have been registered as at December 2022 […]
