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Pensioners want arrears payment, creation of pension affairs ministry

By Sola Alabadan  / Senior Correspondent   Pensioners under the old Defined Benefits Scheme (DBS) being managed by the Pension Transitional Arrangement Directorate (PTAD) have called on the Federal Government to…

Plan properly for retirement

Plan for retirement Today’s retirees are more active than ever and those activities require money.  It therefore means you should be making plans to take care of all those things…

Premium Pension honours retiring director

The management of Premium Pension Limited organised a sent forth ceremony for one of its retiring directors, Ibrahim Alhassan Babayo, in Abuja recently in appreciation of his contributions to the…

Make efforts to enjoy retirement

You need retirement plan With the downturn in the economy and the fact that social security does not exist in Nigeria, individuals must be craftier than ever in planning for…

PenCom issues 5, 668 employers’ code in nine months

The National Pension Commission (PenCom) has issued employers’ code to 198, 262organisations as at October13, 2014 to facilitate compliance with the provisions of the Pension Reform Act 2004 now amended…

PTAD to conduct pensioners’ verification, biometric exercise

By Sola Alabadan  / Senior Correspondent   The Pension Transitional Arrangement Directorate (PTAD) intends to conduct the first pensioners’ verification and biometric data capture exercise to establish a comprehensive, authentic and…

Stanbic IBTC Pensions gathers customers’ email

In a bid to foster seamless interface with its customers in an effective manner, Stanbic IBTC Pension Managers Limited has launched a customer email data collection exercise in which customers…

PenCom charged to take corrective actions on failing operators

PenCom charged to take corrective actions on failing operators

By Sola Alabadan Senior Correspondent   The Pension Reform Act 2014 has empowered the National Pension Commission (PenCom) to take proactive corrective measures on licensed pension operators whose situations, actions…

Employer can contribute 20 per cent to pension scheme

By Sola Alabadan Senior Correspondent An employer may agree or elect to bear the full burden of the contributory pension scheme in Nigeria, provided that in such a case the…

Strive to pay yourself back in retirement

By Sola Alabadan Senior Correspondent Plan for retirement  In an era where retiring comfortably on a company pension is practically impossible, the importance of personal retirement savings cannot be overstated.…

Revisiting the CPFA licence issued NNPC

Closed Pension Fund Administrator The Pension Reform Act 2014 provides that any employer in the private sector wishing to manage its pension fund shall apply to the National Pension Commission…

Notice to revoke operators’ licence now seven days

Unlike what obtained under the repealed Pension Reform Act 2004 where the National Pension Commission (PenCom) is required to give at least 28 days notice of its intention to the…

PenOp counsels operators to manage conflict of interests

By Sola Alabadan  / Senior Correspondent   The Pension Funds Operators Association of Nigeria (PenOp) has counseled pension operators to institutionalise the process of identifying and dealing with conflict of interests’…

Steps to a blissful retirement

Steps to a blissful retirement

Ensure you are happy Happiness in later life isn’t a direct function of how much money you have. To a large extent, your happiness depends on your attitudes, your behaviour…

Diversion of pension funds now punishable offence

In realisation of the fact that there are currently more sophisticated mode of diversion of pension assets, such as diversion and/or non-disclosure of interests and commissions accruable to pension fund…

PenCom orders PTAD to verify ‘alive status’ of pensioners

By Sola Alabadan  / Senior Correspondent   The National Pension Commission (PenCom) has mandated the Pension Transitional Arrangement Department (PTAD) to regularly verify the pensioners registered on its database with a…

PenCom secures fund for guaranteed minimum pension

PenCom secures fund for guaranteed minimum pension

By Sola Alabadan Senior Correspondent   In order to implement section 84 of the Pension Reform Act 2014 which stipulates that “All Retirement Savings Account holders who have contributed to…

‘Engaging contract staff for pension is like engaging touts’

By Sola Alabadan Senior Correspondent The directive by the National Pension Commission (PenCom) barring the Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) from employing contract staff to perform…

Ingredients for retirement bliss

By Sola Alabadan Senior Correspondent Make your retirement a happy one The day is coming when you may decide to depart the working world and join those lucky people living…

Pension funds can now be invested in infrastructure

After operating the contributory pension scheme in Nigeria for more than 10 years, the total value of pension industry assets presently stands at N4.4 trillion. Be that as it may,…

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