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, […]
Pension
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 […]
CIIN conducts research on insurance skill gap
Oyegunle Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) is leveraging its College of Insurance and Financial Management (CIFM) to conduct research on skill gap in the insurance sector that would enable practitioners identify key business areas to focus on. The President of […]
PTAD commences mop-up, in house verification
Leave a comment and share Chuks Udo Okonta PTAD has notified its esteemed Pensioners/NoKs that the mop up verification exercise earlier scheduled for 18th January, 2021 will now commence from 17th February to 23rd February 2021 at the Directorate’s Headquarters Abuja. A statement by the organisation noted that the exercise […]
Lagos pays N1.5bn restates commitments to pensioners welfare
From left: Olumuyiwa Oshin Executive Director Finance and investment Lagos state Pension Commission, Mrs Christiana Alakija a Retiree receiving her Bond Certificate from the Director-General Lagos state Pension Commission, Babalola Obilana during the 82nd Bond Certificate presentation in Alausa Ikeja Leave a comment and share Chuks Udo Okonta The Lagos […]
PenCom drives CPS with compliance certificates issued to 1911 firms
Director General, National Pension Commission, Mrs. Aisha Dahir-Umar-Umar Leave a comment and share Chuks Udo Okonta Committed to ensuring that successes achieved over the years are sustained, the National Pension Commission (PenCom) had issued compliance certificates to 1911 firms as at January this year, to enable the organisations transact business […]
Pension assets gained N2.48tn in 2020
Leave a comment and share Chuks Udo Okonta Pension fund assets gained N2.48 trillion in 2020, as contributed fund which stood at N9.81 trillion as at January 1, 2020, peaked at N12.29 trillion by December 31, 2020. Data obtained from the National Pension Commission (PenCom) revealed that as at December […]
