Kindly leave a comment and share Chuks Udo Okonta Determined to increase number of Retirement Savings Account (RSA) holders in Contributory Pension Scheme (CPS) and Micro Pension Plan, National Pension Commission (PenCom) said it conducted 54 sensitisation/enlightenment workshops across the country, in fourth quarter 2022. According to PenCom, five sensitisation/enlightenment […]
Pension
PenCom pledges to keep annual pension fund returns above headline inflation
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said efforts are being made to ensure average annual pension fund returns for Retirement Savings Account (RSA) and legacy funds exceed headline inflation. The Director-General, PenCom, Mrs. Aisha Dahir-Umar, disclosed this in the fourth quarter 2022 […]
Allianz Global report 2023 places Nigerian pension system at bottom of global rankings
*No respite: The aging of societies continues at an unabated pace – despite Covid 19 *Busy standstill: Pension systems worldwide resemble a large construction site with no prospect of completion – although only a few countries are prepared for the coming demographic changes *Rethink: Society’s reassessment of work is the […]
PFOs cautiously invest in real estate, as residential mortgage policy gradually gains traction
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs) seemed be to cautiously investing in real estate properties as Retirement Savings Account (RSA) holders are gradually showing interest in the pension residential mortgage policy recently enacted by National Pension Commission (PenCom). Findings by Inspenonline revealed that […]
Pension fund operators invest N56.59bn in climate change related projects
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N56.59 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 […]
Pension fund assets soar to N15.45tn, gain N182.94bn
Kindly leave a comment and share Pension fund assets soared to N15.45 trillion as at February 28, 2023, the National Pension Commission (PenCom) has posited. PenCom disclosed this in its unaudited report on pension funds industry for the period ended February 28, 2023, noting that the fund assets gained N182.94 […]
PenCom raises alarm over Association of Pension Desk Practitioners of Nigeria
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has called on the public to be wary of illicit activities of Association of Pension Desk Practitioners of Nigeria (ASSOPEP). PenCom in a statement said it has particularly noted ASSOPEP’s claims of resolving pension issues and […]
Shareholders applaud Premium Pension’s N1tn asset under management success
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the leading Pension Fund Administrators (PFAs) in the Country attainment of N1.000.41 trillion Asset Under Management (AUM) at the end of 2022 financial year despite increasing economic challenges and stiff competition in the industry, has delighted […]
Only 46 RSA holders in States benefit from voluntary contributions, as 46,911 FG, private sector contributors save N33.82bn
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 […]
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 […]
