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 […]
Pension
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. […]
Africa Pension Supervisors sign agreement with FSD Africa on climate-friendly investments
Leave a comment and share Chuks Udo Okonta The Africa Pensions Supervisors Forum (APSF) at its third annual forum in Kigali, which held from July 14-15, 2022, signed an agreement with FSD Africa on enhancing the pension sector in the continent. The forum brought together pension supervisors from different African […]
Akeredolu Constitutes Board of Ondo State Pension Commission
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 […]
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 […]
