Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) are keenly investing parts of funds contributed by micro pension contributors, in two major investment portfolios – federal government securities and local money market securities to enable them effectively grow the funds. Data obtained from the National Pension […]
Pension
Updated: Pension fund assets gain N470bn in seven months
Leave a comment and share Chuks Udo Okonta Contributions from Retirement Savings Account (RSA) holders and return on investment made by pension operators have enlarged pension fund assets to the tune of N470 billion in seven months, ranging from January to July 2021. Data obtained from the National Pension Commission […]
Onanuga leads insurance, pension experts to address COVID-19 impact on financial inclusion at NAIPCO 2021 confab
Leave a comment and share Chuks Udo Okonta Insurance and pension stakeholders are set to converge at the 2021 Annual Conference of the National Association of Insurance and Pension Correspondents (NAIPCO) to discuss on COVID-19 Impact On Financial Inclusion; Opportunities for Insurance and Pension Sectors. The conference, which will hold […]
Stanbic IBTC rewards customers for saving
Leave a comment and share Chuks Udo Okonta As part of its commitment to promoting a savings lifestyle, Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched a savings campaign. This campaign is to reward its customers for opening and […]
LASPEC implores retirees to be wary of fraudsters
•245 retirees get N1.01bn in August Leave a comment and share Chuks Udo Okonta The Director-General (DG), Lagos State Pension Commission LASPEC, Babalola Obilana has dissociated the Agency from the activities of a fraudulent individual claiming to have affiliations with the Commission. While speaking on Tuesday at the 88th Bond […]
PenCom starts online enrolment tomorrow September 1
Leave a comment and share The National Pension Commission (PenCom) will tomorrow September 1, 2021, start online enrolment exercise for retirees/prospective retirees of treasury-funded Federal Government Ministries Departments Agencies (MDAs). PenCom in a statement noted that the following groups of people are eligible for the online verification and enrolment exercise. […]
PFAs eye transfer window for N5bn new shareholders’ fund
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) are banking on the Retirement Savings Account (RSA) Transfer Window, to generate more funds to meet the N5 billion recapitalisation mandate issued by the National Pension Commission (PenCom). Inspenonline gathered from a reliable source that the Administrators are […]
PenOp holds knowledge sharing session with pension operators
Leave a comment and share Following the uncertainty in the business environment as a result of the COVID-19 pandemic, many companies locally and internationally are struggling to cope with the new nature of work. With many countries facing a third wave of the COVID pandemic, some have instituted lockdown measures […]
PenCom mourns staffer Tijjani Ahmed
Private Sector owns N8.89tn of N12.7tn pension fund assets
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said private sector workers own N8.89 trillion, which is 70 per cent of the N12.7 trillion of the pension fund assets. The Commissioner, Administration, PenCom, Dr. Umar Aminu, disclosed this yesterday in Abuja at a Town […]
