Chairman Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe (4th right) and other executives and operators at the event. Leave a comment and share Chuks Udo Okonta Pension Fund Operators Association of Nigeria (PenOp) the umbrella body of Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) has said […]
Pension
Prioritize reinforcing governance of public pension fund management
The Yomiuri Shimbun To manage a massive amount of funds safely and efficiently, it is vital to build an effective organization and system suited to carrying out the task. A council of the Health, Labor and Welfare Ministry has proposed that the current ban on direct stock investment by the […]
PenCom DG bags the Sun public service award
Leave a comment and share Chuks Udo Okonta The Director-General National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu has bagged the 2015 the Sun award in the Public Service category. The award plaque was presented to her alongside other winners, including the Leader of the All Progressives Congress (APC), Asiwaju Bola […]
N5.31tn pension funds not idle – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has reiterated that the over N5.31 trillion pension funds are not laying idle in any bank account as alleged by those who do not understand the working of the Contributory Pension Scheme (CPS). Its Director-General Mrs Chinelo […]
PenCom creates special function unit to drive micro pension
Director-General PenCom Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has established a special function unit to drive the micro pension plan, Inspen can report. The commission disclosed this on its website, stressing that in implementing the micro pension initiative, the informal […]
PFAs are ready for 20m anticipated subscribers – Longe
The Contributory Pension Scheme (CPS) remains the best initiative the pension industry has ever had, as it is able to tackle corruption and also ensure better life for workers at retirement, a characteristic that was lacking in the old pension scheme. In this interview with Chuks Udo Okonta, the President, […]
Reps to probe organisations over non-remittance of pensions
Dogara Organizations who do not remit their staff’s pension contributions to Pension Fund Administrators (PFAs) are to face probe by the House of Representatives, the legislative body said on Tuesday, February 16. Nigerian pension scheme has been fraught with complaints by employees about illegal action of non-remittance of their contribution […]
Pension operator accuses insurance agents of mis-selling
Leave a comment and share Chuks Udo Okonta Underwriting companies have been urged to clean up the insurance agency system to stem the unethical practices being perpetuated by some of their agents. A Pension Fund Administrator (PFA) disclosed this in an interview with Inspen, stressing that the unhealthy marketing in […]
Where we are on transfer window – PenOp boss
Leave a comment and share Chuks Udo Okonta Those awaiting the commencement of the pension transfer window to switch from their Pension Fund Administrator (PFA) to another have to wait awhile as efforts to entrench a seamless process is still in the making. Inspen gathered that the National Pension Commission […]
Lagos State set to implement PRA 2014
Leave a comment and share Chuks Udo Okonta Lagos State is almost set to commence implementation of the Pension Reform Act 2014, Inspen can report. Investigations revealed that the state is putting finishing touches on its legislation to pave way for the implementation. Director-General Lagos State Pension Board (LASPEB) Mrs […]
