Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) and their counterparts Pension Fund Custodians (PFCs) recorded a net profit of about N83.94 billion in 2019, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) which detailed the financial positions of the operators, showed that […]
Pension
Top PFAs with high return on investment
Leave a comment and share Chuks Udo Okonta As the Retirement Savings Account Transfer System (RTS), commenced today, the National Pension Commission (PenCom) has published Pension Fund Administrators (PFAs) performance record which would help guide contributors and retirees in making informed decision before moving from their present fund manager to […]
Ahmad, others implore PFAs to adhere to ethics as PenCom unveils RSA transfer system
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have been implored to esteem high ethical behaviour as they deal with pension contributors and retirees now that the National Pension Commission (PenCom) has launched the Retirement Savings Account Transfer System (RTS). The pioneer Director-General, […]
Experts seek de-risking of real sector to unlock investment opportunities
From left: Dr. Akin Ogunbiyi, Chairman, Mutual Benefits Assurance Plc/Chief Launcher of new NAIPCO website; Mr. Austin Enajemo-Isire, Chairman, Nigeria Social Insurance Trust Fund (NSITF)/Chairman of the occasion; Mr. Chuks Okonta, Chairman, National Association of Insurance and Pension Correspondents (NAIPCO); Mr Rasaaq Salami, Head, Commissioner for Insurance Directorate, NAICOM; Mr. […]
Sanwo-Olu to stop pension for ex-govs, deputies
Sanwo-Olu Leave a comment and share Chuks Udo Okonta Governor of Lagos State, Babajide Sanwo-Olu on today announced his intention to repeal the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies. He made this known […]
PenCom to launch pension transfer window Monday November 16, 2020
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has set Monday, November 16 2020, for the launch of the much anticipated pension transfer window. A statement by the commission noted that it wishes to inform all stakeholders and the general public, especially Retirement Savings Account […]
Over N11.36tn pension fund assets threatened by low yield on securities, rising inflation – LCCI DG
Yusuf Leave a comment and share Chuks Udo Okonta Low yield on fixed-income securities such as Treasury Bills at around 1-2 per cent plus rising inflation currently at 13.71 per cent are threats to the real growth of over N11.36 trillion pension funds assets in the near to medium term, […]
Isire, Yusuf call for retooling of Nigeria’s economy, proper review of PRA 2014
from left: Mrs. Nneka Obiamalu, Director, Pensioners Support Services Dept, PTAD; Mr Rasaaq Salami, Head, Commissioner for Insurance Directorate, NAICOM; Dr. Muda Yusuf, Director General, Lagos Chamber of Commerce and Industry (LCCI)/keynote speaker, and Mr. Austin Enajemo-Isire, Chairman, Nigeria Social Insurance Trust Fund (NSITF)/Chairman of the occasion, at the 5th […]
Lagos State pays over N1bn to 246 retirees
Leave a comment and share Chuks Udo Okonta The administration of Babajide Olusola Sanwo-Olu of Lagos State has again paid the sum of N1,003,374,372.68 (One Billion, Three Million, Three Hundred Seventy-Four Thousand, Three Hundred Seventy-Two Naira, Sixty-Eight Kobo) into the Retirement Savings Accounts (RSAs) of 246 Retirees in the Lagos […]
Senate confirms Aisha Dahir-Umar as DG PenCom
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The Senate today confirmed the appointment of Mrs. Aisha Dahir-Umar, as the substantive Director-General of the National Pension Commission (PenCom). Another nominee who was also confirmed by the Senate was Dr Oyindasola Oluremi Oni, from North Central as Chairman. […]
