insurance and pension news
Monday, June 30, 2025
Kindly leave a comment and share Chuks Udo Okonta Employers who fail to remit or under-remit pension contributions are strictly liable under Nigerian law, and face limited legal defenses when such matters are brought before the courts, Hon. Justice Olufunke Yemi Anuwe of the National Industrial Court has said. Justice […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in furtherance of ongoing efforts to expand coverage of the Contributory Pension Scheme (CPS), has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs) […]
Kindly leave a comment and share Chuks Udo Okonta Barely two years after being exempted from the Contributory Pension Scheme (CPS) by legislation passed during the final months of the Buhari administration, workers of the National Assembly Service Commission (NASS) are advocating a return to the scheme. This was disclosed […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has changed the name of the informal sector pension package – Micro Pension Plan (MPP) to Personal Pension Plan (PPP) in its repositioning strategy aimed at accommodating more contributors. The Director-General of PenCom Ms. Omolola Oloworaran, […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said it hopes to achieve about 20 million pension contributors by the end of year 2027, as against the over 10.65 million that is attained. The Director-General of PenCom Ms. Omolola Oloworaran, said this today […]
Kindly leave a comment and share Chuks Udo Okonta *Crowns Lagos ‘a leading model for CPS The National Pension Commission (PenCom) has urged the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases currently enjoyed by Defined Benefit Scheme (DBS) retirees to those under the Contributory Pension Scheme (CPS) […]
By; Ivo Takor, mni Esq. Introduction Comfort in old age is not a luxury — it is a basic necessity that defines the quality of life for our elders. As physical strength declines and emotional needs deepen, providing a supportive environment becomes crucial. Ensuring physical ease, emotional warmth, mental stimulation, […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has stated that newspaper organisations are owing over N1.3 billion in unpaid pension contributions for journalists. This was disclosed by the Director-General of PenCom, Ms. Omolola Oloworaran, who led a delegation to the Nigerian Press Council […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has enlisted the support of the Nigerian Electricity Regulatory Commission (NERC) to prevail on electricity Generation Companies (GENCOs) and Distribution Companies (DISCOs) to settle unpaid pension contributions for their employees. During a courtesy visit on April […]
Kindly leave a comment and share Chuks Udo Okonta Leadway Pensure, a leading Pension Fund Administrator in Nigeria, has again emerged as a standard bearer of excellence, clinching the prestigious West Africa Pension and Lifestyle Company of the Year at the 14th edition of the West Africa Innovation Awards. This […]
