Workers Transferred N663bn RSA To Other PFAs - PenCom   No fewer than 168,768 workers have changed their Pension Fund Administrators (PFAs) and moved N663.761bn Retirement Savings Accounts (RSA) since the National Pension Commission (PenCom) opened the window of transfer. The window of transfer allowed workers to...

In One Year, Contributory Pension Assets Gain N1.68trn – PenCom   The assets under the Contributory Pension Scheme rose by N1.68tn from N13.76tn as of the end of February 2022 to N15.45tn as of the end of February 2023. PenCom disclosed this in its unaudited report on...

Pension Fund Investment In FG Securities Rise By 16.5% To N9.9trn Pension Fund investment in Federal Government debt instruments (securities) rose 16.5 per cent, year-on-year to N9.9 trillion in February caused by the high interest rate regime prompted by the inflation fighting measures of the...

Pension Investments In FGN Securities Rise To N9.64trn   Pension Fund Administrators have increased the value of investments in FGN Securities from N9.19 trillion as at September 30, last year to N9.64 trillion as at last December. This represents N451.82 billion increase or 4.92 percentage increase. According to...

N24bn Recovered From Defaulting Employers - PenCom   The National Pension Commission (PenCom) says it has recovered N24.15bn non-remitted pension savings of employees from defaulting employers. It disclosed this in its fourth quarter report for 2022. The report stated that, “Following the issuance of demand notices to defaulting...

Contributory Pension Assets Rise To N14.9trn   The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from the National Pension Commission (PenCom). PenCom disclosed in its latest ‘Report on pension industry portfolio for the period ended 31 December 2022’...