insurance and pension news
Saturday, June 14, 2025
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has lifted the restrictions placed on all Licensed Pension Fund Administrators (LPFAs) over investment in commercial papers where capital market operators (non-banks) are engaged as Issuing and Paying Agents (IPAs) without rules governing the issuance. PenCom […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has granted an approval for retirees whose monthly/quarterly pensions are less than N23,333.33, representing one-third of the current minimum wage of N70,000.00, an opportunity to choose between receiving the outstanding balance in their RSAs en bloc […]
Kindly leave a comment and share Chuks Udo Okonta The Inspector General of Police, Kayode Egbetokun, has kicked against the bill seeking to exempt the Nigeria Police from the Contributory Pension Scheme (CPS) saying that it will not favour the Police Force. Egbetokun who stated this while addressing some police […]
By Ivor Takor Introduction On Tuesday, November 19, 2024, the Senate Committee on Establishment and Public Service conducted a public hearing on a bill sponsored by Senator Binos Dauda Yaroe, representing Adamawa South. The proposed legislation seeks to establish the Police Pension Board, which would be responsible for managing the […]
Kindly leave a comment and share Chuks Udo Okonta The Senate has confirmed the appointment of Ms. Omolola Oloworaran, as the Director General of National Pension Commission (PenCom). The confirmation follows the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service during today’s plenary. […]
Kindly leave a comment and share Chuks Udo Okonta The Certified Pension Institute of Nigeria (CPIN) today inducted 23 distinguished professionals as fellows and nine associates. The President of Certified Pension Institute of Nigeria Umaru Kwairanga, while speaking at the CPIN 2024 Investiture/Induction Ceremony of new Fellows and Associates in […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and Pension Fund Operators of Nigeria (PenOp) are considering opening up space for Retirement Savings Account (RSA) holders to migrate from the Contributory Pension Scheme (CPS) to Micro Pension Plan (MPP). This was part of the […]
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a financial institution in Nigeria, has once again demonstrated its commitment to fostering artistic expression by sponsoring the ninth edition of ART X Lagos, West Africa’s premier international art fair, which holds from 31 October to 03 […]
Kindly leave a comment and share Chuks Udo Okonta The newly elected compliance executives of the pension industry have assumed their roles at a critical time, as the sector faces increasing scrutiny and demand for improved operational standards. Oguche Agudah, CEO of the Pension Fund Operators Association of Nigeria (PenOp), […]
