Mrs. Aisha Dahiru-Umar Leave a comment and share Chuks Udo Okonta The appointment of Mrs. Aisha Dahiru-Umar as the Director-General of the National Pension Commission (PenCom) pending Senate confirmation by President Muhammadu Buhari is a welcome development as it will ensure continuity in the Commission especially as the Chairman and […]
Pension
Section 106(4) of PRA 2014 empowers President to appoint PenCom DG
Mrs. Aisha Dahir-Umar, Leave a comment and share Chuks Udo Okonta President Muhammadu Buhari has legal right under S. 106(4) of the Pension Reform Act (PRA) 2014 to appoint fit and proper persons with pension cognate experience to constitute the board of the National Pension Commission (PenCom), which includes the […]
Buhari writes Senate seeks approval for appointment of Mrs. Aisha Umar as substantive DG
Lawan Leave a comment and share Chuks Udo Okonta President Muhammadu Buhari has presented a letter to the Senate seeking Senate’s approval for the appointment of Mrs. Aisha Umar, as the Director-General of the National Pension Commission (PenCom). Senate President, Ahmad Lawan, today, read Buhari’s letter, seeking Umar’s confirmation as […]
Small, medium enterprises increasingly embracing CPS – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said small and medium enterprises are increasingly embracing the Contributory Pension Scheme (CPS). PenCom stated this in a recent report, adding that an analysis of Retirement Savings Account (RSA) registration revealed that organisations with employees between 11 […]
PFAs register 2,839 micro pension contributors in three months
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) register 2,839 contributors under the Micro Pension Plan (MPP) in the second quarter of 2020, the National Pension Commission (PenCom), has said. The pension industry regulator stated this in its second quarter 2020 report, adding that MPP subscribers […]
IEI-Anchor PFA pension asset under management hits N109bn
From right: Managing Director, Glory Etaduovie; Chairman, Senator Rufai Hanga and Company Secretary, Femi Onoru all of IEI Anchor Pension Managers at the event. Etaduovie Leave a comment and share Chuks Udo Okonta The Pension Asset Under Management (AUM) of IEI-Anchor Pension Managers Limited rose to N109 billion in its […]
Stanbic IBTC Pension two others control 54.1% of total RSA assets under management – PenCom
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited; ARM Pension Managers Limited and Premium Pension Limited are said to be accounting for more than half of the total Retirement Savings Account (RSA) assets under management which is placed at 54.1 per cent. Data obtained from […]
Over N11.09tn pension fund assets oiling wheel for economic growth
Funds generated from pension contributions which presently stand above N11.09 trillion is believed to have helped shaped the economy and impact lives. Chuks Udo Okonta in this report examines how the fund is helping the nation and individuals meet their projections. Since the inception of the Contributory Pension Scheme (CPS) […]
PFAs battle poor service delivery, lack of staff training, inadequate ICT facilities
Leave a comment and share Chuks Udo Okonta Inadequate staffing; poor record keeping; lack of staff training; inadequate Information and Communication Technology (ICT) facilities and poor service delivery, were said to be observed by the National Pension Commission (PenCom) during its inspection of Pension Fund Administrations (PFAs) branches in Rivers […]
PenCom to hammer PFAs barring PW retirees from moving into RLA
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has threatened to sanction Pension Fund Operators (PFOs) that are rejecting provisional Retiree Life Annuity (RLA) agreements presented by retirees already on Programmed Withdrawal (PW) seeking to transfer to RLA as their preferred mode of retirement benefits […]
