Total assets now N14.42trn The public sector’s contributions to pension assets under the Contributory Pension Scheme (CPS) in the second quarter of this year maintained an uptrend by 57.29 per cent, amounting to N136.79 billion. According to the report by the industry regulator, National Pension Commission (PenCom), the total pension contributions remitted to individual RSAs […]
PFAs should improve payment method –EFInA Out of 106.2 million adult population in the country, only 7.2 million have pension plans, a report by the Enhancing Financial Innovation and Access (EFInA) has revealed. This represents seven per cent of the country’s adults. EFInA, in its Access to Financial Services in Nigeria (A2F) 2020 Survey, disclosed, […]
Pension Fund Operators Association of Nigeria (PenOp) said it hasd lined up a lot of programmes and is looking forward to more media interactions in the new year, which would help enhance public education on pension. Mrs Amaka Andy-Azike, the Head of Media, Communications and Branding Committee, PenOp, disclosed this at the association’s Annual Media […]
The recent launch of pension transfer window by the National Pension Commission (Pen- Com) has triggered agitation as over 2,100 Retirement Savings Account (RSA) holders have applied to move their accounts from their Pension Fund Administrators (PFAs) to another one. Disclosing this at a virtual 2020 Pension Fund Operators Association of Nigeria (PenOp) Media Retreat […]
Meanwhile, federal pensioners have lodged a passionate appeal to President Muhammadu Buhari to speedily approve the upward review of the federal pensions, as the harsh economic realities in the country were worsening the degradation of their quality of life. Chairman, South West Zonal Congress of Federal Pensioners in Federal Colleges of Education, Dr Stephen Fatusin, […]
As the impact of the Covid-19 becomes more evident in the cashflow of businesses and their ability to pay workers, Sigma Pensions will today hold a webinar to look at challenges in the pensions industry and ways to boosts staff productivity. The webinar is aimed at encouraging staff on best practices in adapting to the […]