NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract between you and an insurance...

PenCom To Sanction PFAs For Refusing Retirees Annuity     The National Pension Commission has said it will sanction Pension Fund Administrators that refuse to approve annuity for retirees who are collecting pensions to them under the Programmed Withdrawal. It stated this in a circular entitled, ‘Procedure for...