PENCOM
18 Mar
Pension fund administrators (PFAs) who fail to enlighten pensioners on programmed withdrawal and other features risk a fine of N500,000. The National Pension Commission (PenCom) said the feature includes retirement life annuity
11 Mar
Director General of National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has described as “totally misleading” reports that the Commission gave a N10 trillion loan to the Federal Government.
21 Feb
Amid controversy surrounding the management of the pension funds, the National Pension Commission (PENCOM) said pension assets rose from N10.22 trillion in 2019 to N18.36 trillion in December 2023.
31 Jan
The National Pension Commission (PenCom) said the total number of retirement savings account (RSA) holders in the country has increased to 10.19 million as of the end of December 2023.
17 Jan
The National Pension Commission (PenCom) said a total of 245,625 retirement savings account (RSA) holders have changed their pension fund administrators (PFAs) between 2020 and 2023.
18 Dec
The National Pension Commission (PenCom) has advised former employees of defunct companies in the country to approach their pension fund administrators (PFAs) to reclaim N12 billion in the transition contribution funds (TCF) in their custody.
13 Nov
The National Pension Commission (PenCom) has urged the organised private sector (OPS) to intensify the campaign for the Micro Pension Plan (MPP), which seeks to expand retirement savings.
27 Oct
Some members of the Organized Private Sector (OPS) have revealed that only 10 million out of the 73 million Nigerian workers have enrolled in the Contributory Pension Scheme (CPS).
9 Oct 2023
The National Pension Commission (PenCom) has called on the Nigeria Employers Consultative Association (NECA) to develop new robust programmes that would improve compliance to the contributing pension scheme (CPS) among its members.
9 Oct 2023
Revolution in Nigeria’s pension industry is irreversible amid pockets of challenges, Director-General of National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has stated.
2 Oct 2023
The poor state of the economy has brought untold hardship on Nigerians, pushing many to survival. Those who are out of jobs are falling back on the 25 per cent out-of-job withdrawal from their pension savings to survive.
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