Leave a comment and share Worried by dearth of information on how to structure a robust retirement concept, the Promoter of Retirement Matters – a Video Programme on YouTube, has said his firm is determined to provide the needed awareness that would assist the public plan comfortable retirement period. A […]
Pension
FG pays N16.67bn accrued pension rights for 2021 retirees
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said the Federal Government has released N16.67 billion for payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). A state by the Head, Corporate Communications Department (PenCom) Peter Aghahowa, said the […]
Sigma Pensions committed to meeting customer expectation within ambits of law
Leave a comment and share Sigma Pensions Limited says it is committed to meeting its customer’s expectation and remains wholly guided by the law governing pension administrations in Nigeria. The Pension Fund Administrator (PFA) is reacting to another judgment at the National Industrial Court granting retirees access to 50 percent […]
Pension sector to appeal National Industrial Court order on 50% lump sum
Leave a comment and share Chuks Udo Okonta Pension sector regulator, the National Pension Commission (PenCom) and operators under the umbrella of Pension Fund Operators Association of Nigeria (PenOp) will be heading to Appeal Court to challenge the order given by the National Industrial Court, asking Sigma Pension Limited and […]
Court orders Sigma Pension to pay retiree N10m within 30 days
By NAN Leave a comment and share The National Industrial Court has ordered Sigma Pension Limited and National Pension Commission (PenCom) to allow a retiree, Rakiya Girei access to withdraw 50 per cent of her Retirement Savings Account (RSA), within 30 days. The judge, Justice Benedict Kanyip, delivering the judgment […]
PenOp renews commitments to driving micro pension adoption
Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) at its recently held annual media parley, with the theme: “Micro Pension – Challenges and Opportunities” reiterated commitments to deepening micro pension penetration in the country. The organisation’s media parley is a yearly event […]
Pension operators to embed health insurance, term life assurance, other incentives in micro pension plan
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 […]
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, […]
