insurance and pension news
Wednesday, December 1, 2021
From left: Sola Adeseun (PM, South-West Zonal Office, PenCom), Polycarp Anyanwu (Head, Information & Communication Technology Department, PenCom), Anyim C. Nyerere (Commissioner Technical, PenCom), Abdulrahman Salem (Head, Contribution & Bond Redemption Department, PenCom), Dr. Alayande (Head, South-West Zonal Office, PenCom at the event. Leave a comment and share Chuks Udo […]
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) with micro pension fund under management below N5 million to stop paying fee charges. PenCom in a circular, entitled; Circular on Fee Structure for the […]
Leave a comment and share Chuks Udo Okonta Lagos State Government has paid 32,276,395,658.43 (Thirty-Two Billion, Two Hundred and Seventy-Six Million, Three Hundred and Ninety-Five Thousand, Six Hundred and Fifty-Eight Naira, Forty-Three Kobo) to 7,998 Retirees in the past two years. The Director-General, Lagos State Pension Commission (LASPEC), Babalola Obilana, […]
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) as at April 2021 have invested N1.64 trillion in bank placements, while N96.53 billion was invested in commercial papers, amounting to N1.74 trillion gulped by local money market securities. Data obtained from the National Pension Commission (PenCom) also […]
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta More Workers have continued to embraced the Contributory Pension Scheme (CPS) as 91,499 Retirement Savings Account (RSA) holders were registered by the Pension Fund Administrators (PFAs) in four months ranging from January to April 2021. Data obtained from the […]
Dr. Chioma Ejikeme Leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) has commenced payment of consequential adjustment to pensioners under Defined Benefit Scheme (DBS). A statement by the Head, Corporate Communications, PTAD, Olugbenga Ajayi, said this is in fulfilment of the Executive Secretary, PTAD, […]
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has asked employers to display their group life insurance certificates on or before July 31, 2021 to avoid prosecution. The pension sector regulator which has a joint regulatory policy with the National Insurance Commission […]
Director-General National Pension Commission Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Retirement Saving Account (RSA) holders are really expressing their displeasure with performances of some Pension Fund Administrators (PFAs) as 12,681 of them transferred N47,778,631,048.65 to new operators whom they believed would serve them better. Data obtained […]
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share A total number of 12,681 Retirement Saving Account (RSA) holders have transferred their funds from their former Pension Fund Administrators (PFAs) to new operators as at the end of March 2021, the National Pension Commission (PenCom) has said. A […]
Director General, PenCom, Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it increased the shareholders’ fund of Pension Fund Administrators (PFAs) from N1bn to N5 billion so as to boost their capacity in terms of operational efficiency and service delivery. PenCom […]
