insurance and pension news
Monday, October 14, 2024
Kindly leave a comment and share Chuks Udo Okonta Federal lawmakers have asked pension sector operators to identify sections of the Pension Reform Act (PRA) 2014, to be amended, pledging to ensure thorough review of the pension law to engender comfortable lifestyle for retirees. The lawmakers stated this at the […]
Kindly leave a comment and share Chuks Udo Okonta To curb the menace of old age poverty among retirees, that is presently triggered by soaring inflation and devaluation of the naira, legislators and Pension Fund Operators (PFOs) have raised the need to increase pension contributions from the present minimum rate […]
Kindly leave a comment and share Chuks Udo Okonta The Chartered Pension Institute of Nigeria (CPIN) has opened a window for honorary/direct membership and set to hold induction program on June 27, 2024. The Executive Secretary/Chief Executive Officer CPIN Dr. Samson Akinyemi, in a document, said the institute intends to […]
Kindly leave a comment and share Chuks Udo Okonta At a time N19.27 trillion out of the N19.67 trillion pension fund assets has been invested into different portfolios, leaving just N396.30 billion uninvested cash and assets in the kitties of Pension Fund Operators (PFOs), the Federal Government said it is […]
Kindly leave a comment and share Chuks Udo Okonta The reduction in revaluation gains made by the Closed Pension Fund Administrators (CPFAs) and Existing Schemes as a result of the appreciation of Naira to Dollar led to the drop of pension fund assets by N90.29 billion in the month of […]
Kindly leave a comment and share Driven by the need to educate, inform and enlighten various stakeholders, the pension industry has embarked on a radio program that seeks to shed light on various aspects of the pension industry in Nigeria. The Nigerian pension industry operates under a Contributory Pension Scheme […]
*Exceeds 2023 financial targets Kindly leave a comment and share Chuks Udo Okonta Leadway Pensure, one of Nigeria’s leading pension fund administrators, has concluded the 2023 financial year, recording a 25 per cent annual fund growth, exceeding its financial targets set for the year. This remarkable achievement comes on the […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has recovered N12.45 billion from employers that failed to contribute towards their employees retirement. The recovery would indeed help in wealth creation for the workers, thereby securing them against old age poverty in retirement. […]
Kindly leave a comment and share Chuks Udo Okonta Poor remuneration has debarred 159,994 Nigerian workers, whose Retirement Savings Account (RSA) balances as the time of retirement could not provide a monthly pension of at least one-third of the prevailing minimum wage of N30,000 from earning retirement benefits. The National […]
