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Kudos to PenCom as PFAs sparkle on the 2022 ROI table

Kudos to PenCom as PFAs sparkle on the 2022 ROI table

Globally, 2022 was a difficult and very challenging year for financial markets. Smarting from the debilitating impact of the COVID-19 pandemic and the ongoing Russia-Ukraine war, Central Banks across the world resorted to monetary policies…

PenCom names Stanbic IBTC, others for RSA backed mortgage financing

PenCom names Stanbic IBTC, others for RSA backed mortgage financing

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has been named as one of the banks to process Retirement Savings Account (RSA) backed mortgages by Pension Commission (PenCom), according to a press release. The…

CPS: Gale of dissatisfaction unsettles PenCom, PenOp

CPS: Gale of dissatisfaction unsettles PenCom, PenOp

Nearly two decades after its introduction, the Contributory Pension Scheme (CPS), may not have addressed expectations of some agencies as dissatisfied agencies are orchestrating a pullout from the scheme, Abdulwahab Isa reports The current Contributory…

Pension Funds: PenCom clears 25% RSA balance for mortgage

Pension Funds: PenCom clears 25% RSA balance for mortgage

The National Pension Commission (PenCom) has given green light to the contributors of Retirement Savings Account (RSA) on usage of savings for payment of residential mortgages. The Commission gave its nod in a new guideline…

PenCom raises PFAs shareholders’ funds to N5bn

PenCom raises PFAs shareholders’ funds to N5bn

The National Pension Commission (PenCom) has raised the shareholders’ funds of Pension Fund Administrators from N1 billion to N5 billion. Findings revealed that the pension regulator had communicated the new shareholders’ fund to Pension Fund…

PenCom approves N62.29m payment for NSITF retirees

PenCom approves N62.29m payment for NSITF retirees

Following its mandate to regulate the pension industry under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom) has approved the payment of N62.29 million to some retirees of Nigerian Social Insurance Trust Fund…

PenCom recovers N16.85bn from defaulting employers

PenCom recovers N16.85bn from defaulting employers

Laments lax corporate governance status Following the failure by some employers to remit workers’ pension contributions to their Pension Fund Administrators (PFAs), the National Pension Commission (PenCom) has so far recovered about N16.85 billion in…

PenCom: Pension rights advocate seeks board constitution

PenCom: Pension rights advocate seeks board constitution

The Executive Director, Centre For Pension Right Advocacy, Ivor Takor, has called on the Senate to expedite action on the appointment of the Chairman, Director General and four Commissioners for the National Pension Commission (PenCom).…