The Senate Passing of the Police Pension Bill is a Lurch Backwards into the Inglorious Past of the Pre-Pension Reform in Nigeria. By Ivor Takor, mni Esq. The Senate on Tuesday through its twitter handle, informed the public that it has passed the Bill for the Establishment of a Police […]
Pension
Pension fund assets soar to N15.58tn, as RSA holders move to 9.95m
Kindly leave a comment and share Chuks Udo Okonta Pension fund assets have soared to N15.58 trillion in March 2023 and gained N132.45 billion between February and the period, National Pension Commission (PenCom), has said. PenCom stated this in unaudited report on pension funds industry portfolio for the period ended […]
Leadway Pensure’s RSA holder gets 25% residential mortgage finance
Kindly leave a comment and share Chuks Udo Okonta Leadway Pensure PFA Limited, one of Nigeria’s foremost Pension Fund Administrators (PFAs), has completed a mortgage transfer process to its Enrollee in alignment with the National Pension Commission (PenCom) guidelines. In September 2022, PenCom approved the guidelines for enrollees to access […]
Pension operators aid private businesses with N1.69tn invested in banks
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs) as at February 2023, had invested N1.69 trillion in money market instruments, which are made available to private business owners as financial facilities to promote their operations. According to PenCom in a data obtained by Inspenonline, N1.59 […]
PenCom conducts 54 sensitisation workshops in one quarter, woos prospective pension contributors
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 […]
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 […]
