insurance and pension news
Thursday, April 17, 2025
Kindly leave a comment and share Chuks Udo Okonta with agency report The Federal Government has allocated N107 billion to the Pension Protection Fund (PPF) in a bid to safeguard the financial security of low-income retirees under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has said. The […]
Kindly leave a comment and share Chuks Udo Okonta In a significant move to streamline pension management and enhance customer experience, Stanbic IBTC Pension Managers, a prominent Pension Fund Administration firm, has announced the relaunch of its comprehensive suite of self-service options through an informative webinar session recently conducted. This […]
Kindly leave a comment and share President Bola Tinubu has approved a N758 billion bond to settle long standing pension liabilities under the Contributory Pension Scheme (CPS) for federal workers across the country. The approval was made during the Federal Executive Council (FEC) meeting held on Tuesday, February 4, 2025, […]
Kindly leave a comment and share Chuks Udo Okonta The inability of Pension Fund Administrators (PFAs) to expand the Micro Pension Plan (MPP) six years after the launch, has engendered calls for the licensing of companies that should be fully focus on such operations. The Micro Pension Plan was launched […]
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited is pleased to announce the appointment of Dr. Ibrahim Barhama Boyi as the Executive Director, Business Development North and Strategy, effective January 27, 2025. A statement by the firm’s Head, Corporate Strategy and Communications Anji Silas, said Dr. […]
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Union of Pensioners Contributory Pension Scheme sector (NUPCPS) has called on all retirees under the CPS to go for biometrics capturing that would facilitate a pension increments and other benefits from the government. In an announcement notice that is […]
Kindly leave a comment and share The Contributory Pension Scheme (CPS) was introduced in Nigeria as part of the Pension Reform Act of 2004 to ensure sustainable and transparent pension administration. For retirees under the CPS, understanding how monthly pensions are paid, how pensions are calculated, and how enhancements can […]
Kindly leave a comment and share Chuks Udo Okonta Following the National Pension Commission (PenCom) approval for retirees whose monthly/quarterly pensions are less than N23,333.33, representing one-third of the current minimum wage of N70,000.00, to choose between receiving the outstanding balance in their RSAs en bloc or continuing to receive […]
Kindly leave a comment and share Chuks Udo Okonta About 80 per cent of people who collected pension lump sum at retirement never successfully used the funds for the intended purpose, experts have said. One of the experts, a pension guru said many retirees clave for lump sum even when […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said 312,771 Retirement Savings Account (RSA) holders who were unsatisfied with their Pension Fund Administrators (PFAs) have transfered N1.41 trillion to other firms as at third quarter of 2024. PenCom stated this in the Quarterly […]
