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 […]
Pension
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). […]
PenCom, media firm battle over employees pension remittance
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) seemed determined in its legal action against 66 employers that failed to contribute and remit their workers pension contributions. According to Nairametrics, Pencom took DAAR Communications Plc to court over unpaid pensions. PenCom had in a publication […]
Supreme Court affirms six-year jail term for ex-pension Director, Yusuf, orders N22.9b refund
Leave a comment and share The Supreme Court of Nigeria, yesterday, in Abuja, affirmed the six years imprisonment imposed on a former Federal Director of Pensions (FDP,) John Yakubu Yusuf and also ordered him to refund N22.9b to government covers. Daily Post Nigeria, reported that the N22.9b huge sum was […]
PenOp elects Olumide Oyetan as President
Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) which is the umbrella body of all licensed pension fund operators in Nigeria has elected Olumide Oyetan as its new president. This election comes on the heel of the completion of the tenure of […]
