Leave a comment and share Chuks Udo Okonta Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has constituted the Board of the Ondo State Pension Commission. A statement signed by the Chief Press Secretary to the Governor of Ondo State, Richard Olatunde, stated that the Governor has equally approved the appointment of […]
Pension
Leadway Pensure projects to sustain double-digit returns on Funds by 2022 year-end
Leave a comment and share In the wake of the COVID-19 health pandemic that resulted in industry-wide contractions on achieved returns in 2021, Nigeria’s foremost Pension Fund Administrator, Leadway Pensure PFA, projects to maintain an average of double digits increase on its Fund’s returns in 2022. Due to the COVID […]
PenCom begins 2022 online verification, enrolment on June 20
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said the commencement of 2022 online Verification and Enrolment exercise for retirees/prospective retirees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs), would begin by June 20, 2022. The pension sector regulator said those eligible for […]
PFAs record 2,120 failed RSA transfer requests in Q1 2022
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said internal processes within Pension Fund Administrators (PFAs) resulted to failure in transferring 2,120 Retirement Saving Accounts (RSAs) in the first quarter of year 2022. PenCom stated this in its first quarter 2022 report, adding that a […]
Access Holdings to acquire majority equity stake in First Guarantee Pension
Leave a comment and share Chuks Udo Okonta Access Holdings Plc- trading as Access Corporation (‘the Corporation’)- has announced that it has entered into a definitive agreement with First Guarantee Pension Limited (‘the Company’) regarding the potential acquisition of majority equity stake in the Company (‘the Transaction’). A statement by […]
AIO President sustains drive on deepening Insurance penetration in Africa
Leave a comment and share Chuks Udo Okonta The President, African Insurance Organisation (AIO), Tope Smart, has appealed to different insurance markets across Africa, to scale up their advocacy initiative by collaborating with various organs of government to advance the course of Insurance which will lead to increased penetration. He […]
PenCom implores RSA holders to approach PFAs for data recapturing
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has implored all Retirement Savings Account (RSA) holders to visit their Pension Fund Administrators (PFAs) to participate in the ongoing Data Recapture Exercise (DRE). A statement by PenCom, noted that, the exercise is for both active contributors […]
PTAD speaks on applicability of 33% pension increase to Ex-PHCN retirees
Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) said it’s attention has been drawn to a growing agitation by some group of PHCN Pensioners known as concerned PHCN Pensioners, who are alleging that it has colluded with some “powerful individuals” to deprive them of […]
20 PFAs scale N5bn recapitalisation hurdles
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it is pleased to inform all stakeholders and the general public that as at 27 April 2022, all Pension Fund Administrators (PFAS) have complied with the Commission’s directive for the increase of the Minimum Regulatory Capital […]
63,728 unhappy RSA holders move N226.96bn to new PFAs
Leave a comment and share Chuks Udo Okonta The quest for better services has led to the transfer of N226.96 billion by 63,728 Retirement Savings Account (RSA) holders to new Pension Fund Administrators (PFAs) Inspenonline can report. This was revealed in a document obtained from the National Pension Commission (PenCom). […]
