Pension Fund Assets Now N11.56trn         The total value of pension fund assets rose to N11.56 trillion by the third quarter ended September 30, 2020. Third quarter report of the National Pension Commission (Pencom) released at the weekend showed that about three-quarters of the total pension assets...

Pension Contributors Withdraw N14.79bn As Job Losses Rise         About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts in 10 months. Records from the National Pension Commission have revealed that more...

Pension Contributors Now Over 8.94m         The total membership of the Contributory Pension Schemes increased by 5.67 per cent from 8,469,257 as at December 31, 2018 to 8,949,536 as at December 31, 2019, the National Pension Commission (PenCom) has said. According to the commission in its 2019...

N2.3trn Pension Fund Available For Real Sector Investment - PenCom DG       There is N2.3 trillion pension fund for investment in the real sector, the Director-General, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said. This, she said, is available via asset classes such as infrastructure funds,...

PenCom Allows Contributors To Change Pension Companies         The National Pension Commission has said it has concluded arrangements for the take-off of Retirement Savings Account transfers. A statement on Monday titled ‘Official launch of the Retirement Savings Account transfer system’, said it would enable workers in the...

114,837 Retirees Collected N28.46bn, Quit Pension Scheme – Report       Many workers whose employers did not adequately fund their Retirement Savings Accounts and retired with balances less than N550,000 have collected their contributions and left the Contributory Pension Scheme. As of the end of June 2020, about...