Pension Fund Administrators (PFAs) that refuse to approve annuity for retirees who collect pensions through them under the Programmed Withdrawal will henceforth be penalised, the National...
331,003 workers who lost their jobs withdrew N116.88 billion from their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom)...
The National Pension Commission (PenCom) Thursday said it would soon open the window that would offer employees the liberty to transfer their Retirement Savings Accounts (RSA)...
The trial of former Secretary to the Government of the Federation (SGF), Babachir Lawal and five others continued before Justice Jude Okeke of the Federal Capital...
The National Pension Commission (PenCom) has said the number of Nigerian workers that have registered under the Contributory Pension Scheme (CPS) has hit 8.85 million. The...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
Vice-President Yemi Osinbajo on Friday said the Federal Government was in discussions with the National Pension Commission for operators of the Contributory Pension Scheme to provide...
There are indications that more retirees in the country have opted for annuity plans with insurance companies in the country as the industry is revealed to...
Data from the National Pension Commission (PenCom) has revealed that pension operators in the country have invested the total sum of N250.02 billion pension assets in...
The National Pension Commission, PENCOM, has accussed states operating the contributory pension scheme of failing to remit about N3.4 billion pension contributions deducted from their workers...
The National Pension Commission, PenCom, has revealed that about 16,536 private organisations were issued the commission’s certificate of compliance for the 2018 financial year. PenCom revealed...
Governor of Central Bank of Nigeria, Godwin Emefiele, and the Accountant-General of the Federation, Ahmed Idris, have been asked to appear before the House of Representatives...
The House of Representatives Ad hoc committee on the activities of National Pension Commission and its administrators, has threatened to issue a bench warrant to compel...
The federal government has formally launched the Micro Pension Plan (MPP) which is expected to significantly expand pension coverage to informal sector players including self-employed persons...
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the...
The National Pension Commission (PenCom), has said that out of the over 70 million people that represent the working population in Nigeria, only 8.41 million of...
AS the crises over transfer of all annuity assets under the management of life insurance companies to Pension Fund Custodians, PFCs, finally settles, growth in annuity...
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme. These figures were released by the...
The Federal Government has made the National Identification Number (NIN) compulsory for all workers under the Contributory Pension Scheme. According to a circular from the National...
The National Pension Commission, PenCom, has said Nigerian banks borrowed a total of N764.32bn from pension funds under the Contributory Pension Scheme, CPS. The commission added...
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government’s Bonds in August. Data obtained from the National Pension Commission...
State governments have borrowed a total of N151.95 billion of the total pension fund assets invested by pension fund operators in the country as of June...
Over 1,000 federal civil servants drawn from four states in the North-West zone due for retirement in 2019 have converged on Kaduna to commence their pre-retirement...
Fourteen months after the dissolution of the former board of the National Pension Commission (PenCom) by President Muhammadu Buhari, the government is yet to constitute a...
ONE of the major challenges threatening the Contributory Pension Scheme, CPS, introduced in 2005 following the Pension Reforms, PRA, 2004, is non-remittance of deducted contributions by...
The Bureau of Public Procurement (BPP) has rejected the plan by the National Pension Commission (PenCom) to cancel the procurement process for the building of a...
FOLLOWING the recent directive of the National Pension Commission, PenCom, which limits access to such contribution after retirement, employees making voluntary contributions into their Retirement Savings...
The National Pension Commission has set out modalities for the administration of retirement benefits of professors and public office holders to earn their last salaries as...
Against the directive of Vice President Yemi Osinbajo, the Senate has advised nominees into the headship of three Federal Government institutions not to resume work until...
Newly appointed National Pension Commission (PenComm) Code of Conduct Bureau (CCB) and the Independent Corrupt Practices and other Related Offences Commission (ICPC) chairmen, have been asked...
Accrued benefits of retired workers of Ministries, Departments and Agencies of the Federal Government, who retired from service between January and August 2016 has been released...
More facts have emerged on why the Presidency, relieved the Director General of National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, and other commissioners, of their position,...
President Muhammadu Buhari has dismissed and approved the replacement of heads of 23 Federal Government agencies with immediate effect. The agencies include Petroleum Products Pricing and...
The National Pension Commission has said its management would not risk investing pension funds in any sector due to insincerity plaguing the system. This is in...
Five government departments and agencies, which failed to comply with the directive to remit all Federal government funds in their kitty have been given up to...
The National Pension Commission (PenCom) has said the ongoing clamour for deployment of the N6 billion consolidated contributory savings for pensioners on other aspects of the...
The much anticipated 15 per cent jump in the volume of funds accruing to the national pension commission (Pencom) this year may not be realistic after...
The Federal Government has not remitted pension of federal workers since September 2015, Pension Fund Operators Association of Nigeria, PenOp, has revealed. This was disclosed by...
A Pensions Funds Administrator (PFA) First Guarantee Pension Limited (FGPL) is crossed with the National Pension Commission (PENCOM) over fear that its N115billion assets in the...
