Leave a comment and share Chuks Udo Okonta Pension Fund Operators Association of Nigeria (PenOp) has partnered the African Private Equity and Venture Capital Association (AVCA) to empower local investors and develop private equity (PE) as an asset class in Nigeria. Speaking about the partnership, the Chief Executive (CEO), Pension […]
Pension
Pension operators weigh returns, safety of funds amid calls for alternative investment windows
Oguche Leave a comment and share Chuks Udo Okonta While pension operators work assiduously to grow the pension fund assets contributed by Retirement Savings Accounts (RSAs) holders, they are very keen in balancing between safety and returns on investments. The Chief Executive Officer (CEO) of PenOp, Oguche Agudah, who said […]
Pension agencies raise red flag over fraudsters
Leave a comment and share Chuks Udo Okonta Pension Transitional Arrangement Directorate (PTAD) and Lagos State Pension Commission (LASPEC) have sustained their campaigns on the need for retirees to beware of fraudsters seeking who to swindle. The Executive Secretary PTAD, Dr. Chioma Ejikeme, said PTAD will continue to strive to […]
No DBS pensioners will be left out of consequential addjustment – PTAD
Executive Secretary PTAD, Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has said no pensioner under the Defined Benefits Scheme (DBS) would be left out in the recently approved federal government pension consequential addjustment. PTAD in a statement by its Head, […]
PenOp trains journalists on financial reporting
* Implores more employers to embrace CPS Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) today organised a financial reporting training for members of the National Association of Insurance and Pension Correspondents (NAIPCO) to enable them align with realities in the pension […]
FG sets May 2021 for implementation of consequential pension benefits adjustment
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 […]
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 […]
