Pension

PenCom clears 8 insurers to sell retirement annuity

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Chuks Udo Okonta

The National Pension Commission (PenCom) has cleared eight life insurers to sell retiree benefits annuity, having complied with the new rules.

Inspenonline learnt this morning that the certified firms now are: Custodian Life Limited; FBNInsurance Limited; Leadway Assurance Limited; Cornerstone Insurance Plc; ARM Life; Axa Mansard Insurance Plc; Standard Alliance Insurance Plc and Niger Insurance Plc were cleared to sell annuity after they signed service level agreements with their Pension Fund Custodians (PFCs).

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