2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in the first quarter of 2022 according to the National Pension Commission. This was disclosed in the Commission’s first quarterly report on ‘Enbloc Payment…
Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27. Pension Commission (PenCom) made the declaration in a statement it issued in Lagos on Friday.…
The National Pension Commission (PENCOM) on Tuesday, 19th April 2022 approved Norrenberger’s acquisition of IEI-Anchor Pension. By this move, Norrenberger through its acquisition of IEI Insurance becomes the largest shareholder of the Pension Fund Administrator. Norrenberger has obtained all necessary approvals…
The National Pension Commission (PenCom) says pension fund assets rose to N13.61 trillion as at January 31. This is contained in an unaudited report on pension funds industry portfolio for the period ended January 31, published on PenCom’s website. The…
The National Pension Commission (PENCOM) has said it recovered N2.55 billion pensions deducted by employers from employees’ monthly emoluments in 2021 but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Data obtained from PenCom’s latest…
By Asishana John The number of workers with pension accounts under the Contributory Pension Scheme rose by 245,385 in nine months to 9,461,173. The latest data obtained from the National Pension Commission on ‘Total RSA registrations as at 30 September…
The National Pension Commission (PenCom) has reviewed the Pension Reform Act 2014 (PRA 2014) in Abuja during a retreat. The Head, Corporate Communications of PenCom, Mr Peter Aghahowa, made the disclosure in a statement made available to journalists on Monday…
The National Pension Commission (PenCom) has announced it has automated the Pre-Retirement Verification Enrolment Exercise. This was disclosed by PenCom in an online statement published on Twitter on Friday. The statement said that the PenCom DG, Aisha Dahir-Umar has prioritized…
By Asishana John Assets under the Contributory Pension Scheme rose by N120bn in August, data obtained from the National Pension Commission have shown. PenCom disclosed this in its latest unaudited report on pension funds industry portfolio. According to the report,…
No fewer than 18,524 disengaged workers withdrew N9.45hbn from their Retirement Savings Accounts with the Pension Fund Administrators between January and June this year, the National Pension Commission revealed on Friday in its quarterly report titled, ‘Withdrawal due to temporary…
