Leave a comment and share Chuks Udo Okonta Two years after the launch of Micro Pension Plan (MPP) which presently has over 70,000 contributors, Pension Fund Administrators (PFAs) have been mandated to develop and forward an annual media campaign plan to drive subscription, to the National Pension Commission (PenCom) for […]
Pension
PenOp, LeapFrog Talent Accelerator hold leadership development session for pension executives
Leave a comment and share In recognition of the fact that the rapidly changing business environment requires transformational and effective leaders at all levels of the organisation, the Pension Fund Operators Association of Nigeria (PenOp) and the LeapFrog Talent Accelerator (an initiative launched by global impact investment firm, LeapFrog Investments) […]
37.09m employees await PFAs to embrace CPS
Leave a comment and share Chuks Udo Okonta Of the about 46.49 million employed persons working in the formal sector of Nigeria, just 9.4 million of them had subscribed to the Contributory Pension Scheme (CPS), leaving a whopping of 37.09 million of them out the scheme. Data obtained from World […]
Pensioners implore FG to pay outstanding monthly benefits
Leave a comment and share Chuks Udo Okonta The Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON), has urged the federal government to prevail on the Pension Transitional Arrangement Directorate (PTAD), to pay up the difference in the monthly benefits payable to pensioners before the implementation of minimum […]
PFAs secure micro pension N177.38m fund in high yielding securities
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) are keenly investing parts of funds contributed by micro pension contributors, in two major investment portfolios – federal government securities and local money market securities to enable them effectively grow the funds. Data obtained from the National Pension […]
Updated: Pension fund assets gain N470bn in seven months
Leave a comment and share Chuks Udo Okonta Contributions from Retirement Savings Account (RSA) holders and return on investment made by pension operators have enlarged pension fund assets to the tune of N470 billion in seven months, ranging from January to July 2021. Data obtained from the National Pension Commission […]
Onanuga leads insurance, pension experts to address COVID-19 impact on financial inclusion at NAIPCO 2021 confab
Leave a comment and share Chuks Udo Okonta Insurance and pension stakeholders are set to converge at the 2021 Annual Conference of the National Association of Insurance and Pension Correspondents (NAIPCO) to discuss on COVID-19 Impact On Financial Inclusion; Opportunities for Insurance and Pension Sectors. The conference, which will hold […]
Stanbic IBTC rewards customers for saving
Leave a comment and share Chuks Udo Okonta As part of its commitment to promoting a savings lifestyle, Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched a savings campaign. This campaign is to reward its customers for opening and […]
LASPEC implores retirees to be wary of fraudsters
•245 retirees get N1.01bn in August Leave a comment and share Chuks Udo Okonta The Director-General (DG), Lagos State Pension Commission LASPEC, Babalola Obilana has dissociated the Agency from the activities of a fraudulent individual claiming to have affiliations with the Commission. While speaking on Tuesday at the 88th Bond […]
PenCom starts online enrolment tomorrow September 1
Leave a comment and share The National Pension Commission (PenCom) will tomorrow September 1, 2021, start online enrolment exercise for retirees/prospective retirees of treasury-funded Federal Government Ministries Departments Agencies (MDAs). PenCom in a statement noted that the following groups of people are eligible for the online verification and enrolment exercise. […]
