insurance and pension news
Tuesday, February 4, 2025
Kindly leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and a leading pension fund administrator in Nigeria, in a significant display of corporate social responsibility (CSR) has renovated the Yaba Psychiatric Hospital Ward MS/F3 in Lagos, with over N100 million. […]
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said the N1.18 trillion surge in pension fund assets gain in January 2024 was driven by foreign currency denominated investments made by Closed Pension Fund Administrators (CPFAs) and Existing Schemes. Findings by Inspenonline, revealed that […]
Kindly leave a comment and share Chuks Udo Okonta The pension fund assets stood at N19.53 trillion as at January 31, 2024, as against N18.36 trillion in December 31, 2023, gaining N1.17 trillion. The National Pension Commission (PenCom) stated this today in its Unaudited Report on Pension Funds Industry Portfolio […]
Kindly leave a comment and share Chuks Udo Okonta The Director-General of National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government. She also responded to claims that PenCom was owing Federal Government retirees […]
Kindly leave a comment and share Chuks Udo Okonta A Pension Fund Administrator (PFA) that fails; neglects or refuses to enlighten a retiree on the features of Programmed Withdrawal (PW) and Retirement Life Annuity (RLA) to enable the retiree make an informed decision shall be liable for an administrative sanction […]
Kindly leave a comment and share Chuks Udo Okonta The public belief that Contributory Pension Scheme (CPS) lump sum paid to retirees is 25 per cent of their Retirement Savings Account (RSA) balance is not true. CPS lump sum is not determined by percentage, but achieved through a unique device […]
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the Nigeria’s leading Pension Fund Administrators, has announced the deployment of the Premium Interactive Member Assistant (PRIMA) on WhatsApp, Telegram and various social media platforms to enhance interactions with customers. A statement by the firm’s Head, […]
Kindly leave a comment and share Chuks Udo Okonta The Pension Transitional Arrangement Directorate (PTAD) is to be scrapped and functions transferred to the Federal Ministry of Finance. This part of the decision reached by Nigerian Government during the Federal Executive Council (FEC) meeting held yesterday Monday in Abuja. The […]
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said analysis of the new registrations in Q3:2023 by age and gender showed that 50 per cent of new contributors are below 30 years of age and that out of a total of 94,633 registrations, about […]
