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 […]
Pension
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 […]
Pension fund assets gain N100.57bn in one month, peak at N13.00tn in September 2021
Leave a comment and share Chuks Udo Okonta The pension fund assets gained N100.57 billion between August and September 2021, moving from N12.90 trillion to N13.00 trillion. This was revealed in data obtained from the National Pension Commission (PenCom). According to the pension industry regulator, the value of the N13.00 […]
Premium Pension receives two ISO recertifications
Leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the leading Pension Fund Administrators (PFAs) in Nigeria received two International Standard Organisation’s (ISO) recertifications recently. A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed Ali, said the ISO recertifications are on Information Security Management System […]
Top five leading PFAs by RSAs
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited 1,896,654 ARM Pension Managers 800,714 Trustfund Pension Limited 767,475 Premium Pension Limited 743,084 Sigma Pension Limited 739,041 Source: PenCom 2nd quarter 2021 report.
38,518 aggrieved RSA holders transfer N148.1bn fund in 11 months
Leave a comment and share Chuks Udo Okonta The RSA Transfer System (RTS) is gaining traction as 38,518 aggrieved Retirement Savings Account (RSA) holders have within a space of 11 months, transferred N148.1 billion from their former Pension Fund Administrators (PFAs) to new pension administrators. This was obtained by Inspenonline […]
