Leave a comment and share The National Pension Commission (PenCom) has extended the online verification and enrolment for 2021 retirees and other prospects in the ministries, departments and agencies (MDAs) from October 31 to December 31, 2021 to enable them complete the online enrolment process. The Head, Corporate Communications, PenCom, […]
Pension
PFAs register 3,555 micro pension contributors in Q2 2021
Leave a comment and share Chuks Udo Okonta Nineteen Pension Fund Administrators (PFAs) registered 3,555 contributors under the Micro Pension Plan (MPP) during the second quarter of 2021, the National Pension Commission (PenCom) has said. The pension industry regulator stated this in its second quarter 2021 reports, adding that six […]
CPS: PenCom to take legal action against 19 defaulting employers
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 19 defaulting employers have been recommended for appropriate legal action over their failure to contribute and remit pension funds for their workers. PenCom stated this in its second quarter 2021 reports, adding that following the issuance […]
Standard Bank eyes imminent retiree-boom in Nigeria
*Lender targets 10% of Nigeria’s life insurance market *Number of pension fund contributors retiring set to rise By Emele Onu, Bloomberg Standard Bank Group, Africa’s biggest lender, is targeting annuity to expand in Nigeria as an imminent retirement boom presents opportunity to increase life insurance penetration in the continent’s most […]
PenOp promotes mental health awareness in workplace
Leave a comment and share In commemoration of World Mental Health Day, Pension Fund operators Association of Nigeria (PenOp) held a mental health awareness webinar, hosting participants across the pension industry. Mental health concerns have risen in recent times in Nigeria, however, these conversations are not being had as much […]
Why Nigerians should embrace insurance, pension schemes as safety nets – Experts
Leave a comment and share Chuks Udo Okonta More than ever before, if you are serious about your life, if you want to live a meaningful life, you need to plan for yourself and that is why both insurance and pension is something we should all embrace as Nigerians, the […]
COVID-19: Expert implores insurance, pension operators to leverage opportunities for growth
Leave a comment and share Operators in the Nigerian Insurance and pension sectors have been tasked to leverage the opportunities thrown up by the COVID-19 pandemic to grow the sectors and contribute to the National economy. The operators of these two critical sectors are also charged on creativity and innovation […]
Non implementation of guaranteed minimum pension: Increasing apathy to join, remain in the contributory pension scheme
By Dr. Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial Services Limited Introduction Basically, the Nigerian Pension Industry has been operating two pension regimes concurrently since 2004, namely Pay-As-You-Go (PAYG) defined benefit (DB) scheme (the old unfunded pension regime) and the Contributory Pension Scheme (CPS) under the […]
PenCom, EFCC push for eradication of pension fraud, as CPS assets exceed N13tn
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) today joined the Economic and Financial Crimes Commission (EFCC) in a sensitisation workshop on the eradication of pension fraud in Nigeria. The Director-General of PenCom, Mrs. Aisha Dahir-Umar, while giving her goodwill message at the event in […]
90.21m informal sector workers await PFAs to embrace micro pension plan
Leave a comment and share Chuks Udo Okonta Of the 90.91 million workers in the nation’s informal sector, just over 70,000 of them have embraced the Micro Pension Plan (MPP), leave 90.21 million out, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that as at August […]
