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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,…

PFAs invest N2.6t pension funds in FG securities

By Sola Alabadan  / Senior Correspondent   A review of pension fund investment portfolio shows that the Pension Fund Administrators (PFAs) continued to invest bulk of pension funds in Federal Government…

How to enjoy retirement

Plan to enjoy retirement Retirement can be a time of your life when you can look back in satisfaction at the life you have lived so far, while at the…

Avoid retirement planning mistakes

Strive to retire comfortably  If you consider yourself financially successful, you may think that with your personal savings and holdings, as well as your company retirement benefits, you will have…

PenCom bars pension operators from hiring contract staff

Stories by Sola Alabadan /  Senior Correspondent   The National Pension Commission (PenCom) has warned the Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to desist from employing contract…

You can access pension after losing job

The Pension Reform Act 2014 has reduced the waiting period for accessing benefits in the event of loss of job by employees from six months to four months. This provision…

‘National ID card scheme good for pension operation’

The management of Premium Pension Limited has commended the Federal Government on the successful launch of the national electronic identity card (e-ID), saying it would facilitate the operation of the…

Police accounts for 6 per cent of pension contributors – NPFPL

Police accounts for 6 per cent of  pension contributors – NPFPL

By Sola Alabadan Senior Correspondent   The management of recently licensed Nigeria Police Force Pensions Limited (NPFPL) says the “Nigeria Police Force accounts for 6 per cent of the total…

PenCom clears 1,386 firms for FG contracts

By Sola Alabadan Senior Correspondent   A total of 1,386 employers have been certified to bid for Federal Government contracts as at August 22, 2014, after having provided evidence of…

Planning for a fulfilling retirement

By Sola Alabadan Senior Correspondent Define your retirement You probably have some idea of how you would like to spend retirement. That means you need to write your objectives down,…

PenCom summons pension operators over staff training

PenCom summons pension operators over staff training

By Sola Alabadan Senior Correspondent   The National Pension Commission (PenCom) has summoned pension operators to a meeting in Lagos to evaluate the impacts of training in the pension industry.…

30 insurers contribute N1.2b to pension scheme

By Sola Alabadan Senior Correspondent A total of 30 insurance companies contributed more than N1.2 billion to the contributory pension scheme in 2013 on behalf of their 4,303 employees, the…

Steps to a wealthy retirement

By Sola Alabadan Senior Correspondent Retirement is supposed to be enjoyed Retirement is supposed to be the time of life when you put away your cares and worries, kick back…

Expert tasks PenCom on shortcomings of new Pension Act

Expert tasks PenCom on shortcomings of new Pension Act

By Sola Alabadan Senior Correspondent   The fact that section 4 (4b) of the Pension Reform Act 2014 stipulates that an employer wanting to take full responsibility of the contribution…

Employers’ failure to remit pension contributions now serious offence

By Sola Alabadan Senior Correspondent In spite of the fact that the repealed Pension Reform Act 2004 mandates employers to deduct at source pension contributions and remit the contributions not…

Every employee in Nigeria must be pensionable – LASPEC DG

Every employee in Nigeria must be pensionable – LASPEC DG

By Sola Alabadan Senior Correspondent   Director General, Lagos State Pension Commission (LASPEC), Rotimi Hussain, has advocated that every employee in Nigeria, including the public office holders, should be made…

Employers with three workers must join pension scheme – New Pension Act

By Sola Alabadan Senior Correspondent By virtue of section 2(2) of the Pension Reform Act 2014 signed into law by President Goodluck Jonathan on July 1, 2014, every employer in…

FUG Pensions moves to grow market share

By Sola Alabadan Senior Correspondent Future Unity Glanvills Pension Limited (FUG Pensions) intends to take advantage of the provisions of the new Pension Reform Act 2014 to deepen penetration and…

Ensure you plan for retirement

By Sola Alabadan Senior Correspondent Join pension scheme today If you are yet to join the contributory pension scheme, endeavour to register with the Pension Fund Administrator of your choice…

Informal sector participation: Nigeria studies Kenya pension scheme

Informal sector participation: Nigeria studies Kenya pension scheme

By Sola Alabadan Senior Correspondent   The National Pension Commission (PenCom) sent a study team to Kenya in line with the commission’s determination to ensure informal sector participation in the…

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