From left: Director-General of Lagos State Pension Commission Mrs. Folashade Onanuga presenting a Honda certificate to a retiree at the event. Leave a comment and share Chuks Udo Okonta The government of Lagos State under the leadership of Governor Babajide Sanwo-Olu has disbursed N1,559,662,536.4 into Retirement Savings Account (RSA) of […]
Pension
Premium Pension unveils new brand identity, mobile app
The new logo Leave a comment and share Chuks Udo Okonta Premium Pension Limited, Nigeria’s fastest growing pension fund administrator, has announced a major rebranding to better reflect the company’s evolved positioning as a future-focused organisation, actively growing their members’ wealth so they can embrace their golden years. The Chief […]
NIA urges retirees to embrace annuity
Mrs. Ilori Leave a comment and share Chuks Udo Okonta The Nigerian Insurers Association (NIA) has implored retirees to embrace annuity products offered by insurance companies as a way of staying happy and guaranteeing steady income in retirement. The Association also asked prospective retirees to receive unbiased and independent practical […]
N1.03 trillion pension assets invested in banks – PenCom
Leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFO) have invested over N1.03 billion out of the N9.37 trillion total fund assets in banks in the country, Inspenonline can report. According to data obtained from the National Pension Commission (PenCom), the banking sector seemed to be enjoying […]
IEI Anchor PFA pension assets rise to N92bn
Glory Etaduovie The Pension Assets Under Management(AUM) of IEI Anchor Pension Managers Limited has risen to N92 billion in its 2018 financial year end, rising by 35 per cent from N68.2 billion it was in the 2017 year end. Speaking at the 2018 Annual General Meeting(AGM) of the company in […]
Pension fund assets move up to N9.37trn
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension fund assets stood at N9.37 trillion in July 2019, the National Pension Commission (PenCom) has said. PenCom stated this in a summary of pension fund assets as at July 31, 2019, published today on its website, adding […]
Expert charts ways for micro pension plan development
Dr. Apere Leave a comment and share Chuks Udo Okonta Following the observations made by the National Pension Commission (PenCom) from inspections conducted on Pension Fund Administration’s (PFAs) branches in Ondo and Ekiti Sates, where issues such as inadequate staffing; poor record keeping; lack of staff training; inadequate information […]
PFAs pay N25.25bn as lump sum to retirees in second quarter 2019
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) paid N25.25 billion as lump sum to retirees in the second quarter of this year, Inspenonline can report. Data obtained from the National pension Commission (PenCom) revealed that the sum of N20.57 […]
PenCom recovers N16.01bn outstanding pension contributions with penalty from defaulting employers
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Insurance Commission (PenCom) has said the total recoveries of outstanding pension contributions and penalty from defaulting employers from inception to June 2019 amounted to N16.01 billion, comprising principal contributions of N8.22 billion and penalty […]
PenCom to hold conference for directors of pension firms
Acting Director-General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) is convening a Conference for Directors of licensed Pension Operators to promote capacity building and institutional strengthening of Pension Operators in order to foster a sound pension industry anchored on good […]
