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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…

Don’t retire from life, retire to life

By Sola Alabadan Senior Correspondent It is folly to plan on only living to your life-expectancy Life-expectancy is the age where 50 per cent of the people who are your…

Employer now contribute 10% to pension, employee 8%

By Sola Alabadan Senior Correspondent To ensure that every retiree is financially independent at retirement, the Pension Reform Act 2014 reviewed upwards, the minimum rate of pension contribution from 15…

Pension Act 2014: Another milestone in pension industry

Pension Act 2014: Another milestone in pension industry

In realisation of the fact that there is no perfect law anywhere in the world, few months after both the Senate and House of Representatives passed the Pension Reform Bill…

World Pension Summit: Towards making retirees enjoy retirement

World Pension Summit: Towards making retirees enjoy retirement

As plans are being concluded to hold the first edition of World Pension Summit in Abuja next week, SOLA ALABADAN examines the 10 year old contributory pension scheme in Nigeria whose…

PFAs must enlighten workers on pension, financial matters – PenCom

PFAs must enlighten workers on pension, financial matters – PenCom

Stories by Sola Alabadan Senior Correspondent   The Pension Fund Administrators (PFAs) has a duty to keep enlightening Retirement Savings Account (RSA) holders and the retirees on pension and financial…

Pension calculator allows maximum pension, lumpsum

The pension calculator is designed to provide contributors to the pension scheme with an indication of the amount of income they may receive in retirement. By answering some simple questions,…

Abuja hosts World Pension Summit

Arrangements are being concluded to host the first  edition of WorldPensionSummit ‘Africa Special’ in Abuja on July 7 and 8 with a focus on African developments in the pension industry.…

PenCom moves to ensure operators invest in staff training

PenCom moves to ensure operators invest in staff training

By Sola Alabadan Senior Correspondent   As part of efforts to ensure that pension operators treat the issue of staff training with paramount importance, as well as make the operators…

PenCom concludes verification of FG pensioners June 18

PenCom concludes verification of FG pensioners June 18

The National Pension Commission (PenCom) is currently conducting the verification and enrolment of the Federal Government employees due for retirement between January and December 2015. After having commenced the nationwide…

The Akwa Ibom Governors pension law

By Sola Alabadan Senior Correspondent The Akwa Ibom State House of Assembly recently passed the Governors and Deputy Governors Pension Bill 2014 and this has since been signed into law…

PFAs invest N2.3t pension funds in FG securities

PFAs invest N2.3t pension funds in FG securities

Stories 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…

Understanding the status of Police PFA

Origin of Police PFA In line with the recommendations of the Oransanye-led Committee, which advised that with the exception of the military already granted exemption, no other Federal Government institution…

Premium Pension has N330b under management

Premium Pension Limited, one of the pioneer Pension Fund Administrators (PFAs) in Nigeria that commenced operations immediately the Pension Reform Act 2004 became effective, now has over N330 billion pension…

FG urged to re-consider licensing NPF Pensions

By Bamidele Ogunwusi Correspondent, Lagos   The Federal Government has been urged to re-consider licensing of NPF Pensions Limited to manage the pension contributions of the men and officers of Nigeria…

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