insurance and pension news
Tuesday, May 24, 2022
Leave a comment and share Chuks Udo Okonta Nineteen Pension Fund Administrators (PFAs) registered 3,555 contributors under the Micro Pension Plan (MPP) during the second quarter of 2021, the National Pension Commission (PenCom) has said. The pension industry regulator stated this in its second quarter 2021 reports, adding that six […]
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said 19 defaulting employers have been recommended for appropriate legal action over their failure to contribute and remit pension funds for their workers. PenCom stated this in its second quarter 2021 reports, adding that following the issuance […]
*Lender targets 10% of Nigeria’s life insurance market *Number of pension fund contributors retiring set to rise By Emele Onu, Bloomberg Standard Bank Group, Africa’s biggest lender, is targeting annuity to expand in Nigeria as an imminent retirement boom presents opportunity to increase life insurance penetration in the continent’s most […]
Leave a comment and share In commemoration of World Mental Health Day, Pension Fund operators Association of Nigeria (PenOp) held a mental health awareness webinar, hosting participants across the pension industry. Mental health concerns have risen in recent times in Nigeria, however, these conversations are not being had as much […]
Leave a comment and share Chuks Udo Okonta More than ever before, if you are serious about your life, if you want to live a meaningful life, you need to plan for yourself and that is why both insurance and pension is something we should all embrace as Nigerians, the […]
Leave a comment and share Operators in the Nigerian Insurance and pension sectors have been tasked to leverage the opportunities thrown up by the COVID-19 pandemic to grow the sectors and contribute to the National economy. The operators of these two critical sectors are also charged on creativity and innovation […]
By Dr. Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial Services Limited Introduction Basically, the Nigerian Pension Industry has been operating two pension regimes concurrently since 2004, namely Pay-As-You-Go (PAYG) defined benefit (DB) scheme (the old unfunded pension regime) and the Contributory Pension Scheme (CPS) under the […]
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) today joined the Economic and Financial Crimes Commission (EFCC) in a sensitisation workshop on the eradication of pension fraud in Nigeria. The Director-General of PenCom, Mrs. Aisha Dahir-Umar, while giving her goodwill message at the event in […]
Leave a comment and share Chuks Udo Okonta Of the 90.91 million workers in the nation’s informal sector, just over 70,000 of them have embraced the Micro Pension Plan (MPP), leave 90.21 million out, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that as at August […]
Leave a comment and share Chuks Udo Okonta Two years after the launch of Micro Pension Plan (MPP) which presently has over 70,000 contributors, Pension Fund Administrators (PFAs) have been mandated to develop and forward an annual media campaign plan to drive subscription, to the National Pension Commission (PenCom) for […]
