In Seven Months, Pension Funds Rose By N480bn         The total pension fund assets under the Contributory Pension Scheme rose by N480bn between January and July 2021. Figures obtained from the National Pension Commission on its unaudited report on the pension funds industry portfolio for the period...

'Total Pension Assets'll Hit N20trn By 2023'       Nigerian pension industry’s net assets is expected to hit the N20tn mark by 2023, recording an average growth of 18 per cent in the next three years leading to 2023, the insurance industry’s net assets, Augusto & Co,...

Pension Fund Assets Hit N12.66trn       The nation’s pension fund assets rose significantly to N12.66 trillion as at the end of June, 2021. As at the end of March, 2021, the assets had stood at N12.34trillion, hence, increasing by N320 billion between April and June, 2021. Speaking at...

25,645 Workers Move N102.59bn To Other Operators, Dump PFAs       No fewer than 25,645 workers who were displeased with their Pension Fund Administrators have transferred N102.59bn in their Retirement Savings Accounts to other PFAs. The National Pension Commission disclosed this in a presentation titled ‘Understanding the RSA...

FG Has Ordered Payment Of Outstanding Arears, Says PenCom       The National Pension Commission has said that the Federal Government has given an order to clear the outstanding pensions of its retirees under the Contributory Pension Scheme. PenCom said this on Wednesday in a statement titled ‘Presidential...

PenCom Recovers N608.55m From 25 Defaulting Employers   The National Pension Commission has said it recovered N608.55m from 25 employers who deducted the monthly emoluments of their workers but did not remit to their respective Pension Fund Administrators. PenCom said this in its first-quarter 2021 report obtained...