From left:Head, Branding & Communications, Pension Fund Operators Association Of Nigeria, Wale Odutola; President, Aderonke Adedeji and Head, Corporate Communications, Peter Aghahowa of PenCom at the event. Leave a comment and share Chuks Udo Okonta Micro Pension Plan (MPP) has recorded 28,000 subscribers as at October 2019, the National Pension […]
Pension
Pension fund assets rise to N9.58tn in September
Leave a comment and share Chuks Udo Okonta The National Pension Commission Pension (PenCom) has said the pension fund assets stood at N9.58 trillion by the end of September 2019. PenCom stated this in it summary of pension fund assets as at September 30, 2019, published on its website, adding […]
Now, Overseas Citizens of India can invest in NPS
Up until now OCIs could not invest in the National Pension System or NPS. PFRDA, through a circular issued on October 29, has said that OCIs can now invest in NPS tier 1 accounts. This is good news as NPS offers various tax benefits. Leave a comment and share By […]
Lagos State pays N1.18bn accrued pension rights to 279 retirees
Mrs. Onanuga and a retiree Leave a comment and share Chuks Udo Okonta The Lagos State Government at the 68th Retirement Benefit Bond Certificate presentation ceremony at Alausa Ikeja, on Tuesday 29th October, 2019 paid accrued pension rights of #1,181,367,349.39k into the Retirement Savings Accounts of 279 retirees, who have […]
Over N6.82trn pension fund assets invested in FG securities
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Insurance Commission Pension (PenCom) has said N6.82 trillion pension fund assets have been invested in Federal Government securities as at the end of August 2019. PenCom stated this in it summary of pension fund assets as at […]
Premium Pension signs fund management agreement with Jigawa State Government
* Stands as lead PFA for a term of two years Leave a comment and share Chuks Udo Okonta Premium Pension Limited, a leading Pension Fund Administrator (PFA) in the country and Jigawa State Government have signed a Portfolio Management Agreement which confers on the former the authority and responsibility […]
PenCom to hammer PFAs for wrong payment of death benefits
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) will henceforth be liable and pay from their statutory reserve fund in the event of payment of death benefits to wrong beneficiaries, the National Pension Commission (PenCom) has warned. PenCom stated this in a circular entitled: ‘Addendum to […]
Lagos State pays N1.55bn to 287 retirees
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 […]
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 […]
