Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs), the sum of N553,033,652.01, representing principal contribution of N382,462,161.65 and penalties of […]
Pension
Job loss: 11,796 disengaged RSA holders get N5.33bn benefits in 3 months
Leave a comment and share Chuks Udo Okonta As more people moved into the unemployment circle due to harsh economic situations, the Contributory Pension Scheme (CPS) is providing succour as 11,796 Retirement Savings Account (RSA) holders have accessed N5.33 billion from their RSA balance in the fourth quarter of 2020. […]
PenOp celebrates amazing female chief executives
Female chief executives in the pension sector Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) in commemoration of the International Women’s Day, is celebrating amazing female chief executives who dared to be different and challenged the status quo. The Chief Executive Officer […]
Micro pension gains traction as more contributors withdraw from contingent fund
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Micro Pension Plan (MPP) is gaining popularity as more people are leveraging it to plan their activities and future retirement. According to data obtained from the National Pension Commission (PenCom), during the fourth quarter of 2020, 20 Pension […]
PenCom pushes for data recapture as 5.1m RSAs have incomplete documentation as at Q4 2020
Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has implored pension contributors that are yet to recapture their data with their Pension Fund Administrators (PFAs) to urgently do so to enable them maximize fully benefits in the Contributory Pension Scheme […]
2,799 dissatisfied RSA holders transfer N18.89bn to new PFAs
Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Following the launch of the Retirement Savings Account (RSA) Transfer System on 16 November 2020, a total of 2,799 RSA holders initiated the transfer of their RSAs from their existing Pension Fund Administrators (PFAs) to other PFAs, […]
Fidelity Pension Managers debunks probe reports
Mrs. Amaka Andy-Azike Leave a comment and share Chuks Udo Okonta Fidelity Pension Managers Limited, one of the leading Pension Fund Administrators (PFAs) in the country, has debunked the media reports that it is being probed by the House of Representatives Committee on Pensions and that the Managing Director/ Chief […]
PFAs were invited for routine interaction session with honourable members – PenOp
Agudah Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) has said contrary to misleading reports on mismanagement of funds, some Pension Fund Administrators (PFAs) were only invited by the House Committee on Pensions, for a routine interaction session with Honourable members in […]
AIICO Pension debunks reports on mismanagement of funds
Longe Leave a comment and share Chuks Udo Okonta Contrary to reports in the media, there are no allegations of mismanagement of pension assets levelled against AIICO Pension Limited, the Pension Fund Administrator (PFA), has said. This was made known in a rejoinder released by the PFA to journalists to […]
Lagos As Flagship and Good Example to Other States in Pension Administration
Leave a comment and share By Ivor Takor NIGERIA in 2004 carried out a comprehensive reform of her pension schemes with the passage of the Pension Reform Act (PRA) 2004, which became effective on 25th June 2014. The Act established a Contributory Pension Scheme (CPS) for employees’ in the public […]
