Director-General National Pension Commission Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Retirement Saving Account (RSA) holders are really expressing their displeasure with performances of some Pension Fund Administrators (PFAs) as 12,681 of them transferred N47,778,631,048.65 to new operators whom they believed would serve them better. Data obtained […]
Pension
12,681 aggrieved RSA holders switch PFAs as at March
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share A total number of 12,681 Retirement Saving Account (RSA) holders have transferred their funds from their former Pension Fund Administrators (PFAs) to new operators as at the end of March 2021, the National Pension Commission (PenCom) has said. A […]
Why PFAs shareholders’ fund was increased to N5bn – PenCom
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it increased the shareholders’ fund of Pension Fund Administrators (PFAs) from N1bn to N5 billion so as to boost their capacity in terms of operational efficiency and service delivery. PenCom […]
Pension fund assets rebound soared to N12.34tn in March
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension fund assets has rebounded gaining about N100 billion as at the month of March 2021, moving from N12.24 trillion in February to N12.34 trillion. According to the National Pension Commission (PenCom) in its unaudited report of pension […]
PenCom clears 15,418 employers to seek FG’s jobs
PenCom’s Director-General, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) had as at May 10, 2021, issued compliance certificates to 15.418 employers who want to do business with the federal government. PenCom stated this on a publication entitled: Schedule of employers issued with […]
PenOp partners AVCA to develop private equity in Nigeria
Leave a comment and share Chuks Udo Okonta Pension Fund Operators Association of Nigeria (PenOp) has partnered the African Private Equity and Venture Capital Association (AVCA) to empower local investors and develop private equity (PE) as an asset class in Nigeria. Speaking about the partnership, the Chief Executive (CEO), Pension […]
Pension operators weigh returns, safety of funds amid calls for alternative investment windows
Oguche Leave a comment and share Chuks Udo Okonta While pension operators work assiduously to grow the pension fund assets contributed by Retirement Savings Accounts (RSAs) holders, they are very keen in balancing between safety and returns on investments. The Chief Executive Officer (CEO) of PenOp, Oguche Agudah, who said […]
Pension agencies raise red flag over fraudsters
Leave a comment and share Chuks Udo Okonta Pension Transitional Arrangement Directorate (PTAD) and Lagos State Pension Commission (LASPEC) have sustained their campaigns on the need for retirees to beware of fraudsters seeking who to swindle. The Executive Secretary PTAD, Dr. Chioma Ejikeme, said PTAD will continue to strive to […]
No DBS pensioners will be left out of consequential addjustment – PTAD
Executive Secretary PTAD, Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has said no pensioner under the Defined Benefits Scheme (DBS) would be left out in the recently approved federal government pension consequential addjustment. PTAD in a statement by its Head, […]
PenOp trains journalists on financial reporting
* Implores more employers to embrace CPS Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) today organised a financial reporting training for members of the National Association of Insurance and Pension Correspondents (NAIPCO) to enable them align with realities in the pension […]
