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...

Only 9,103,653 Workers Have Pension Accounts - PenCom       Only 9,103,653 workers had Retirement Savings Accounts with Pension Fund Administrators as of the end of August. The National Pension Commission disclosed this in its ‘Total RSA registrations as at 31 August 2020’ latest report obtained from on...

Total Pension Assets Hit N11.35trn         Despite the effect of the COVID-19 pandemic on the economy, the total assets under the Contributory Pension Scheme rose to N11.35tn as of the end of August, the latest figures from the National Pension Commission revealed on Wednesday. According to the...

Senate Confirms Dahir-Umar As PenCom DG Amidst Protests         The Senate on Tuesday confirmed the appointment of Aisha Dahir-Umar as the substantive Director General of the National Pension Commission Board amidst protests from some senators. The chamber also confirmed the appointment of Dr Oyindasola Oluremi Oni, from...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...