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Browsing Category
Pension
AccessCorp Acquires Sigma Pension
Access Corporation has announced its acquisition of Sigma Pension Ltd.
The acquisition was via the takeover of Active Golf Nigeria LTD, the owners of Sigma Pensions by First Guarantee Pension Limited (FGPL) and First Ally…
PenCom Okays RSA Balance As Equity Contribution For Mortgages
The National Pension Commission (PenCom) has approved the issuance and immediate implementation of the Guidelines on Accessing RSA Balance towards Payment of Equity Contribution for Residential Mortgage by RSA Holders.
The commission on…
Contributors Under Micro Pension Plan To Enjoy Free Health Insurance
The National Pension Commission (PenCom) says it will provide incentives such as health insurance for contributors willing to embrace the Micro Pension Plan (MPP) in its efforts to incorporate workers in the informal sector.
This…
PenCom Disburses N326bn Retirement Benefits In One Year – Report
The National Pension Commission (PenCom) has paid N326.32 billion as retirement benefits to beneficiaries in 2021.
The commission in its 2021 annual report explained that the payments comprised retirement benefits and a 25 per cent…
Pensioners Threaten Ogun Govt Over N66bn Gratuities, Entitlements
Pensioners have threatened to shut Ogun State down with protest if Governor Dapo Abiodun failed to pay up their N66billion gratuities and other entitlements owed in the last 10 years.
The aggrieved pensioners gave him a 14-day ultimatum…
Police Pension Board Coming.
The Senate has started a move to set up a body to independently administer pension for retirees of the Nigeria police.
The body, when is approved by the presidency, will be known as Police Pension Board.
The body on establishment will…
AccessCorp Gets Regulators’ Nod To Acquire Majority Stake In First Guarantee Pension
Access Corporation has received the go-ahead to acquire a majority stake in First Guarantee Pension Limited.
The go-ahead is sequel to a "No Objection" from both the National Pension Commission ( PenCom) and the Central Bank of Nigeria…
Directorate Unearths 15,357 Fictitious Pensioners
Pension Transitional Arrangement Directorate (PTAD) has said in Lagos that no fewer than 15,357 people were collecting pensions illegally within the Federal Government’s agencies.
Its Director, Parastatals Pension Department, Kabiru…
Pencom Approves Acquisition Of Pension Operators By GTCO, FCMB
The National Pension Commission (PenCom) yesterday said it has approved the mergers and acquisitions of some pension fund managers in the country.
The regulator, in a statement, said it authorised the acquisition of Investment One Pension…
51,392 Workers Change Pension Companies, Move N190.62bn
No fewer than 51,392 aggrieved workers under the Contributory Pension Scheme have changed their Pension Fund Administrators and subsequently moved their Retirement Savings Accounts to other pension companies in 13 months, it has been…