Pension Assets Rise By N842.73bn In H1, 2022 Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of the end of June. Figures obtained from the National Pension Commission on its ‘Unaudited report on pension funds...

PenCom Okays N13.21bn For Annuity Retirees The National Pension Commission has approved N13.21bn lump sum payments to annuity retirees in the first quarter of 2022. This is according to data obtained from the commission’s quarterly report on ‘Retiree life annuity’. It stated that, “The commission granted approval...

PenCom Says Under-40 Workers In Contributory Pensions Now At 86%   Workers below 40 years under the Contributory Pension Scheme rose from 73 per cent at the end of 2021 to 86.4 per cent by end of the first quarter of 2022. The National Pension Commission disclosed...

Contributory Pension Gains N640bn In Four Months, Now N14trn   Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn in April, according to figures from the National Pension Commission (PenCom) released on Friday. This was contained in the National Pension Commission...

PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme at the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued...

Pension Assets Rose By N190bn In January, Now N13.61trn   The total assets under the Contributory Pension Scheme rose by N190bn in January, figures from the National Pension Commission have revealed. PenCom disclosed this in its report titled, ‘Unaudited Report on Pension Funds Industry Portfolio; Approved Existing...