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Unlike what obtained under the repealed Pension Reform Act 2004 where the National Pension Commission (PenCom) is required to give at least 28 days notice of its intention to the…

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…

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,…

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.…

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