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Tag "PFAs"

PenCom: PFAs make investment decisions on pension funds I We monitor regulatory compliance

    PenCom: PFAs make investment decisions on pension funds I We monitor regulatory compliance

The National Pension Commission (PenCom) says pension fund administrators (PFAs) are responsible for making investment decisions and ensuring safety and fair returns for the benefit of contributors. In a statement

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Pension Insight: PenCom enhances workers’ retirement benefits through additional benefits schemes

    Pension Insight: PenCom enhances workers’ retirement benefits through additional benefits schemes

To fortify retirement benefits for workers in Nigeria, the National Pension Commission (PenCom) has recently unveiled the framework for the establishment of additional benefits schemes (ABS) under the contributory pension

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How preference for ‘next of kin’ in estate claims can be challenged in court

    How preference for ‘next of kin’ in estate claims can be challenged in court

BY ADEBAYO ADEKOLA Some banks, pension fund administrators, registrars, employers, and insurance companies usually insist they would only attend to next of kin for claims to a deceased person’s estate.

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PenCom: Pension assets hit N16trn — up by 17% in six months

    PenCom: Pension assets hit N16trn — up by 17% in six months

The National Pension Commission (PenCom) says pension assets increased to N16.76 trillion within the half-year period (six months) that ended in June 2023. The assets increased by 17.4 percent (N2.49

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PenCom Insight: Non-interest fund records significant growth, hits N38.41bn in assets

  PenCom Insight: Non-interest fund records significant growth, hits N38.41bn in assets

The non-interest fund (Fund VI), introduced by the National Pension Commission (PenCom) in September 2021, has recorded significant growth since

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PenCom Insight: Safety of your pension savings under CPS and role of PFCs

  PenCom Insight: Safety of your pension savings under CPS and role of PFCs

The Pension Reform Act (PRA), 2004, which introduced the contributory pension scheme (CPS) for public and private sector employees, was

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‘Investment decisions, benefits payment’ — PenCom lists mandates of PFAs

  ‘Investment decisions, benefits payment’ — PenCom lists mandates of PFAs

The National Pension Commission (PenCom) has highlighted some of the responsibilities of pension fund administrators (PFAs) to employees, as they

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EXPLAINER: What to know about PenCom’s data recapture exercise

  EXPLAINER: What to know about PenCom’s data recapture exercise

The National Pension Commission (PenCom) recently asked all retirement savings account (RSA) holders to visit any branch of their pension

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PenCom stops PFAs from giving gifts to RSA holders to ‘prevent unhealthy competition’

  PenCom stops PFAs from giving gifts to RSA holders to ‘prevent unhealthy competition’

The National Pension Commission (PenCom) has directed pension fund administrators (PFAs) to stop giving gifts to retirement savings account (RSA)

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PenCom asks RSA holders to visit PFAs for data recapture exercise

  PenCom asks RSA holders to visit PFAs for data recapture exercise

The National Pension Commission (PenCom) has asked retirement savings account (RSA) holders to visit any branch of their pension fund

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