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...
Pension Fund Value Drops By N180bn
Nigeria’s pension fund dropped by N180 billion in March 2020, eroding the N77 billion it gained in February, a 1.7 per cent decrease.
The drop may not be unconnected to the Covid-19 pandemic,The Nation learnt on Tuesday.
The fund, which stood...
