PenCom To Penalise PFAs For Wrongly Paid Benefits   The National Pension Commission has ordered the Pension Fund Administrators to investigate all reported cases of dead Retirement Savings Account holders before making any payment to the beneficiaries. The regulator said any wrong payment of death entitlement would...

PenCom Illegally Spent N12.3bn IGR , National Assembly Alleges   The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National Pension Commission. The joint Senate and House of Representatives Committees on Pensions expressed concerns when PenCom appeared...

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total...

PFAs Record N1.69trn profit From Pension Fund Investments     Return on investment accounts for more than 18 per cent of the nation’s total pension assets. The Pension Funds Administrators have earned a profit of N1.69trn since investing workers’ pension contributions from inception of the scheme till the...

35 States Fail To Provide Workers’ Insurance   Four more states have stopped providing group life insurance policy for their workers, thus joining 31 others that had failed to adopt the policy, investigation has revealed. Latest figures obtained from the National Pension Commission revealed that only workers...

PenCom Lists Delta, Six Other States As Remittance Compliant   The National Pension Commission (PenCom) has listed only seven out of the 36 states in Nigeria as being current in their remittance of pension fund deductions from the salaries of their employees as well as in...