The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians. The...

The National Pension Commission says it needs N10.03bn to commence the funding of the minimum pensions for retirees under the Contributory Pension Scheme. It stated that the funding of the Pension Protection Fund would include an annual subvention of one per cent of the total...

Despite the impact of recession on the Nigerian economy, the total funds under the Contributory Pension Scheme rose to N6.02tn at the end of November 2016. This was disclosed in the update on the assets under management obtained by our correspondent from the National Pension...

The Public Accounts Committee (PAC) of the House of Representatives has queried the management of the National Pension Commission (PENCOM) over the expenditure of N693 million without proper documentation to back it up. The query was based on the 2012 Report of the Office of...

The National Pension Commission (PenCom) yesterday said it has paid N55.46 billion as lump-sum to 177,284 workers disengaged from various sectors due to economic recession. The Head of Benefits and Insurance Department of the PenCom, Olulana Loyinmi, who disclosed this in Calabar at a conference...

The total assets under the Contributory Pension Scheme rose to N5.9tn as of the end of September. The Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, disclosed this during a seminar in Abuja. “Some of the major success indicators include the consistent growth in a large pool...