Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Presidential approval for the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage of 2019 has been granted and the circular released, the Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma […]
Pension
Breaking: PenCom raises PFAs shareholders’ funds to N5bn
PenCom’s Director-General, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has raised the shareholders’ funds of Pension Fund Administrators (PFAs) from N1 billion to N5 billion, Inspenonline reports. It was gathered from a reliable source that the pension regulator had communicated the new […]
Lagos State pays 358 retirees N1.01bn
Leave a comment and share Chuks Udo Okonta Lagos State Government said it has credited the Retirement Savings Accounts (RSAs) of 358 retirees with N1.01 billion. The Director-General, Lagos State Pension Commision ( LASPEC ) Babalola Obilana, said this at the Retirement Bond Certificates Presentation to the 84th batch of […]
PTAD implores NUP to shelve protest
Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has appealed to members of the Nigeria Union of Pensioners (NUP) to shelve the planned protest scheduled to hold at the Office of the Secretary to the Government of the Federation, tomorrow April […]
6 key issues clogging growth of CPS
Leave a comment and share Chuks Ufo Okonta 1) Non-payment of Accrued Pension Rights. This challenge, which started in 2014, was essentially triggered by the appropriation of insufficient amounts for payment of Accrued Pension Rights of FGN retirees and further aggravated by late or non-release of full appropriated amounts. Owing […]
Stanbic IBTC Pensions lauds employers’ commitments amid headwinds
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited has applauded employers for their continuous support over the years amidst the headwinds faced by most businesses. The Chief Executive, Stanbic IBTC Pension Managers Limited, Olumide Oyetan, said this today at the 2021 Stanbic IBTC Pension Managers […]
Why pension fund assets declined by N51.30bn in February – PenCom
PenCom’s Director-General, Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension fund assets decline of ₦51.30 billion in February was mainly attributed to the depreciation in the prices of Fixed Income Securities (FISs) in the trading portfolios of the Approved Existing Schemes (AES), RSA Funds II & IV […]
Funeral rites of late Alice Aghahowa, PenCom’s Spokesman mother to hold May 7
Leave a comment and share Chuks Udo Okonta The funeral rites in honour of Madam Alice Mazehiagan Aghahowa, the mother of the spokesperson of National Pension Commission (PenCom), Peter Aghahowa, will come up on Friday, May 7, 2021, in Benin City. According to the funeral arrangements released by the family […]
Premium Pension holds 16th annual general meeting
Babayo Leave a comment and share Chuks Udo Okonta Total Assets Under Management (AUM) of Premium Pension Limited (PPL) grew in 2020 by N83.14 billion to N787.80 billion from N704.66 billion it was in 2019 financial year. This represented a year-on-year growth rate of 11.79 per cent. A statement by […]
PenCom courts senate’s support on payment of retirees’ accrued pension rights
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has implored the Senate to assist in ensuring that retirees’ accrued pension rights are paid to enable them received their pension benefits as they retire. Its Director-General, Mrs. Aisha Dahir-Umar, said this in her remarks on the […]
