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Issues requiring attention in pension industry in 2015

Issues requiring attention in pension industry in 2015

By Sola Alabadan  / News Editor, Sunday   This article highlights issues in the Nigerian pension industry requiring attention in 2015, hoping that if these issues are addressed, the pension industry…

212, 325 workers join pension scheme in six months

212, 325 workers join pension scheme in six months

By Sola Alabadan / News Editor, Sunday   A total of 212, 325 employees joined the contributory pension scheme in Nigeria during the first half of year 2014 as the number…

Retirement planning easier than you think

Plan your finances  It is true that a secure, comfortable retirement is every worker’s dream. Due to the fact that people are now living longer, healthier lives, we can expect…

PenCom transfers N8.6b to NSITF contributors

In compliance with the provisions of the Pension Act, the National Pension Commission (PenCom) says it has so far transferred the sum of N8.69 billion into the Retirement Savings Accounts…

PFAs, PFCs violated rules guiding pension industry – PenCom

PFAs, PFCs violated rules guiding pension industry – PenCom

  By Sola Alabadan News Editor, Sunday   The National Pension Commission (PenCom) has lamented that a review of the compliance reports forwarded by the Pension Fund Administrators (PFAs) and…

Non-remittance of contributions: PenCom to sue 101 firms

By Sola Alabadan News Editor, Sunday Due to failure to remit pension contributions on behalf of their employees, the National Pension Commission (PenCom) has concluded arrangements to institute legal proceedings…

Do your best to retire comfortably

By Sola Alabadan News Editor, Sunday Ensure you save for tomorrow No matter how hard we may try, it is fact of life that certain issues such as the need…

PenCom clears 2,146 firms for FG contracts in 2014

PenCom clears 2,146 firms for FG contracts in 2014

By Sola Alabadan / News Editor, Sunday   The National Pension Commission (PenCom) certified a total of 2,146 companies to bid for Federal Government contracts during the outgoing year 2014, after…

Don’t panic, plan for retirement

Never too late to plan for retirement Majority of the people are expected to be conscious of the fact that it is better to start retirement planning early enough. It…

Directors of PFCs face five-year jail term for mismanagement

The directors of Pension Fund Custodian (PFC) will be sentenced to a minimum of five years imprisonment if their PFC utilise any pension fund or assets in its custody to…

States, LGs now mandated to join Pension Scheme

Unlike the repealed Pension Reform Act 2004 which did not cover employees at the state and local government levels, it is expressly stated in the Pension Reform Act 2014 that…

Pension should not be a constitutional issue – Ex-PenCom chief

By Sola Alabadan / News Editor, Sunday   Former Commissioner in charge of Inspectorate at National Pension Commission (PenCom), Dr. Musa Ibrahim, has posited that pension should not have been a…

Accumulate wealth for retirement

Ensure you have a written plan The first mistake most people make is they have no written plan to build financial security. You can’t put the formula for financial success…

Strive to achieve retirement of your dream

Prepare for the rainy day  To set aside part of one’s income for the future is one of the strategies to preparing for the rainy day. This is actually the…

PFAs invest N2.8t pension funds in FG securities

Stories by Sola Alabadan  / News Editor, Sunday   As at October 31, 2014, the Pension Fund Administrators (PFAs) invested about N2.8 trillion of Nigeria’s pension fund assets in Federal Government…

Aggrieved workers urged to report PFA, employee to PenCom

Aggrieved employees, who are dissatisfied with any decision of the Pension Fund Administrator (PFA) or employer in respect of pension matters under the Pension Reform Act 2014, have been encouraged…

Pension funds investment: Operators wary of infrastructure financing

Pension funds investment: Operators wary of infrastructure financing

By Sola Alabadan News Editor, Sunday   As the National Pension Commission (PenCom) has commenced the process of reviewing the Regulation on Investment of Pension Fund Assets to facilitating the…

Avoid debt and save for retirement

By Sola Alabadan News Editor, Sunday Get ready for retirement  It is a fact that while most of us were taught everything else in school, not all of us were…

Pensioners want arrears of 33 per cent pension increase paid

By Sola Alabadan News Editor, Sunday In consideration of the fact that the 33 per cent pension increase to federal pensioners ought to have been effected immediately the minimum wage…

Operators ease pension contributions remittances, schedules collection

Operators ease pension contributions remittances, schedules collection

By Sola Alabadan Senior Correspondent   As part of efforts to make it easy for the employers to remit pension contributions on behalf of their employees, the Pension Fund Operators…

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