Pencom commences pre-retirement training in Gombe
The National Pension Commission (PenCom), has commenced pre-retirement workshop for prospective retirees, who are due to retire in 2020...
Going beyond N9tr asset with PenCom’s micro-pension plan
A significant growth in the pension industry’s asset size beyond the current value of N9.03 trillion is a new target. But it is riding on the expected...
Life underwriters generate N329b premium from annuity business
Life insurance operators have generated N328.88 billion premium from benefit annuity since the inception of the Contributory Pension Scheme (CPS).
Time to let PenCom be
Right from the first day she stepped into her role as the Acting Director General of the National Pension Commission (PenCom) in April 2017...
The problem with PENCOM
An actuarial consultant’s report on the N43 billion underfunded pension liabilities at NITEL bared the impending danger in pensions in Nigeria. Following a memo by Mallam Nasir El-Rufai, Director-General, Bureau for Public Enterprises, at the time, Chief Olusegun Obasanjo’s administration set up the Presidential Committee on Pension Reform to overhaul the entire pension system. A…
Contributory pensioners seek review of pension scheme
Pensioners under the aegis of Nigeria Union of Contributory Pensioners (NUCP), have called for the immediate review of the Pension Reforms Act, with a view to ensuring inclusion of representatives of workers and pensioners under the contributory pensioners into the Board of the National Pension Commission (PenCom). The group alleged that the old pension scheme…
Investors identify regulatory synergy as panacea to increased market participation
Investors have cited enhanced synergy between the different arms of the financial market and the regulators, as a way of boosting participation of retail shareholders, and attracting more investors into nation’s bourse.
2.5m workers at risk as governors shun group life policy
About 2.5 million civil servants in the country may miss out of the benefits of Group Life Insurance cover, following the inability of 35 states to sign on to the policy, against the mandate of Pension Reforms Act (PRA) 2014.
Reps panel queries PenCom over failure to account for N766.6m
An Ad-hoc committee of the House of Representatives has queried the Pension Commission (PenCom) over its inability to account for over N766.6 million.
PenCom and challenges of public institutions in development
The tasks of building the nation’s economy has been that of twists and turns, facilitated by obvious inefficiency of public institutions that are charged with overseeing most critical areas of development. Many of these institutions, appear to be constrained by lack of robust enabling legislations to address the constantly emerging challenges that characterise the socio-economic…