PenCom decries slow compliance to ECRS
The National Pension Commission (PenCom), has decried the slow compliance to the Enhanced Contributor Registration System (ECRS), a platform positioned to build a credible database of contributors...
PenCom seeks reconciliation of non-credited contributions
The National Pension Commission (PenCom), has called on the State Pension Bureaux (SPB), to establish a Reconciliation Unit (RU), or Standing Reconciliation Committee (SRC)
PenCom urges employees to embrace CPS, update RSAs
The National Pension Commission (PenCom), has advised employees of both the formal and informal sectors in Nigeria, to embrace the Contributory Pension Scheme (CPS), to prevent old age poverty.
Low financial literacy, inadequate technology, others slow pension plan
Seven months after the commencement of the Micro Pension Plan (MPP), an initiative designed to attract over 20 million workers from the informal sector within five years, and add over N11 trillion to Nigeria’s pension asset, implementation of the scheme has been slow.
States’ non-compliance with pension law persists
After many years of constant engagement with various states, local governments, trade unions, and relevant stakeholders on the benefits of the Contributory Pension Scheme (CPS) by the National Pension Commission (PenCom), States’ compliance with the provisions of the Pension Reform Act (PRA) 2014, to adopt the scheme remains sluggish.
PenCom strives to make housing affordable to pension contributors
One of the major inclusions in the PRA 2014 was the introduction of Section 89 (2), which allowed a registered contributor under the Contributory Pension Scheme (CPS), to apply for a percentage of the pension assets...
‘Pension funds as equity will boost mortgage finance, housing, others’
Industry regulator, the National Pension Commission (PenCom), has said there will be a significant development in Nigeria’s housing sector if contributors devoted a percentage of their Pension Fund Assets (PFA) under management as equity injections for residential mortgages.
Voluntary micro-pension slowing months after take-off
The target of the Federal Government to mobilise over N3 trillion into the pension fund and achieve coverage of 30 million people in the informal sector by 2024 through the Micro Pension Plan...
‘How increased activities of PFAs in stock market can stimulate investment’
The Association of Securities Dealing Houses of Nigeria (ASHON) has renewed the call for increased investment of Pension Fund Administrators (FPAs) in the market.