Total Pension Assets Rise To N11.08trn     Despite the effect of the coronavirus pandemic on different sectors of the economy, the total pension assets under the Contributory Pension Scheme rose to N11.08tn as of the end of June. The National Pension Commission disclosed this in its report...

Pension Assets To Grow By 8.5% In 2020 – Report     Assets under the Contributory Pension Scheme have been estimated to record an 8.5 per cent growth in 2020 despite the effect of COVID-19 pandemic. Agusto & Co. stated this in its pension industry report on Tuesday,...

Workers’ll Soon Be Allowed To Change PFAs, Says PenCom     The National Pension Commission has said it will soon open the transfer window that will allow workers to be able to move their Retirement Savings Accounts to another Pension Fund Administrator of their choice. PenCom also said...

Operators Invest N55.25bn Pension Funds In Infrastructure   The Pension Funds Administrators have invested N55.25bn under the Contributory Pension Scheme in infrastructure as of the end of May, latest statistics from the National Pension Commission has revealed. The commission stated this in its report titled ‘Summary of...

Pension Fund Assets Hit N10.8trn   Pension fund assets under the Contributory Pension Scheme (CPS) rose to N10.8 trillion in May, growing by N330 billion from the N10.577 trillion recorded the previous month. The number of Retirement Savings Account (RSA) holders grew to 9,016,324 in the period...

PenCom Waives Requirements, Orders PFAs To Pay Retirees     The National Pension Commission has ordered Pension Fund Administrators to temporarily waive the National Identity Number that was a mandatory requirement for retirees to get their benefits following mounting complaints from retirees. It stated this in a circular...