Leave a comment and share Chuks Udo Okonta Pension operators under the umbrella of Pension Fund Operators Association of Nigeria (PenOp) are making frantic efforts to improve the lives and fortune of micro pension subscribers, as they hope to provide more robust incentives for contributors. Inspenonline gathered that the operators […]
Pension
FGN Securities generate 84.02% of pension sector’s N773.70bn interest income
Leave a comment and share Chuks Udo Okonta Federal Government of Nigeria (FGN) securities generated 84.02 per cent of the N773.70 billion interest income earned by Pension Fund Operators (PFOs) in year 2020, Inspenonline reports. FGN securities which include; bonds; treasury bills; agency bonds; Sukuk and green bonds, over the […]
PenCom gives Leadway Pensure clean slate over alleged breach of investment regulation
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said Leadway Pensure Limited is not in breach of the investment regulation by investing pension funds in the equities of FBN Holding Plc. PenCom in a statement said this while responding to some media publications which […]
FG’s 190,158 retirees gulp N884.58bn as accrued pension rights
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said cumulatively, the sum of ₦884,577,261,000 had been released and remitted as accrued pension rights to 190,158 retirees of treasury funded Ministries, Departments and Agencies (MDAs) from inception of Contributory Pension Scheme (CPS) to December 31, […]
PenOp convenes recapitalisation summit for decision makers in pension industry
Press release Leave a comment and share The Pension Fund Operators Association of Nigeria (PenOp) recently convened a summit focused on providing an avenue for decision makers and executives in the pension industry to engage with various advisers to discuss strategies for raising additional capital and to analyze the outlook […]
PenCom, PFOs perfect modalities for implementation of pension protection fund
Leave a comment and share The National Pension Commission (PenCom) and Pension Fund Operators (PFOs) have determined the financial implication and commenced setting aside required levy toward successful implementation of the Pension Protection Fund (PPF), Inspenonline can report. Information obtained from PenCom revealed that PFAs had continued to pay monthly […]
Stanbic IBTC Pension Managers, Trustfund Pension lead recapitalisation trip with robust shareholders’ funds
Leave a comment and share Chuks Udo Okonta As the pension sector recapitalisation heats up, where Pension Fund Administrators (PFAs) scramble to raise their shareholders’ fund from N1 billion to N5 billion, some of them are already at the conform zone waiting for others to arrive. Such privileged companies include, […]
8 PFAs have recapitalised – PenOp
Leave a comment and share Chuks Udo Okonta The Chief Executive Officer, Pension Fund Operators Association of Nigeria (PenOp) Oguche Agudah, said eight out of the 22 Pension Fund Administrators (PFAs) have scaled the recapitalisation hurdle of raising their capital from N1 billion to N5 billion, placed by the National […]
PenCom decries irregular funding of 3.5 million RSAs
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has expressed worries over the irregular funding of Retirement Savings Accounts (RSAs) by employers as out of the 9.27 million accounts as at December 31, 2020, 3.5 million had funding issues. PenCom stated this in a report […]
Pension fund operators earn N136.45bn income in 2020
Leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs), which are Pension Fund Administrators (PFAs); Closed Pension Fund Administrators (CPFAs) and Pension Fund Custodians (PFCs) generated a combined earnings of N136.45 billion in 2020, the National Pension Commission (PenCom) has said. Data obtained from PenCom revealed that […]
