Kindly leave a comment and share About 47.92 million Nigerians working in the informal sector seemed to be walking into old age poverty due to lack of structured pension plan, Inspenonline can report. According to available data, there are about 60 million working individuals in Nigeria of which 80 per […]
Pension
PenCom assures safety of over N14.27tn pension fund assets
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it is committed to ensuring the safety of over N14.27 trillion pension fund assets with adequate protective structures already entrenched. The Commission also promised to continue to develop and implement innovative polices to foster safety […]
PenCom pegs en bloc payment on one third of national minimum wage
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said where the fixed portion of Retirement Savings Account (RSA) balance cannot procure monthly pension/annuity up to one third of the prevailing national minimum wage, the contributor shall receive their benefits en bloc. Head, Benefits […]
Photos: Faces at PenCom 2022 Journalists workshop today in Lagos
Insurance, Pension Journalist escapes death from motor accident
Kindly leave a comment and share The Insurance and Pension Editor of NewsPage Media, Sola Alabadan, escaped death by whiskers at the weekend while travelling from Lagos to Ekiti State, as a Toyota Sienna vehicle with Registration number GGE970GB, suddenly hit his car from the back and pushed him under […]
PFAs register 11,228 micro pension plan participants in 2021
Kindly leave a comment and share Chuks Udo Okonta Micro Pension Plan (MPP) is gradually gaining traction as Pension Fund Administrators (PFAs) registered a total of 11,228 participants in year 2021. According to National Pension Commission (PenCom), the figure brought cumulative number of MPP participants registered between March 2019 and […]
Stanbic IBTC Pension Managers unveils ‘Make Extraordinary Happen’ campaign
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, recently launched a robust marketing campaign to further drive awareness of the Pension scheme as well as its usefulness to everyone who wants to retire well. Themed: ‘Make Extraordinary Happen’, the […]
PenCom battle with erring employers yield N20.82bn for workers’ pension
Kindly leave a comment and share Chuks Udo Okonta The constant engagements, threats, penalties and legal actions taken by National Pension Commission (PenCom) on employers that failed to contribute and remit their employees’ pension contributions has led to the recovery of over N20.82 billion, Inspenonline can report. PenCom in its […]
PFAs earn N125.39bn in 2021
Kindly leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) generated total earnings of N125.39 billion in the financial year ended 31 December 2021, National Pension Commission (PenCom) has said. PenCom disclosed this it its 2021 annual report, stating that this indicated an increase of 14.33 per […]
Stanbic IBTC Pension Managers pledges commitment to enhancing organisations’ welfare
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings has reiterated its commitment to the well-being of its customers. Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers stated this at the 2022 edition of the Stanbic IBTC Pension Managers Employers Forum. […]
