PFAs Generates N8trn Profit From Pension Investments
The Pension Fund Administrators (PFAs) have recorded N7.98tn profit from investing contributions made by workers into their Retirement Savings Accounts under the Contributory Pension Scheme, according to a new report.
The report, obtained from the Pension Fund Operators Association...
Pension Industry Grows By 18% In Five Years – PenOp
Nigeria’s pension industry grew by 18 per cent in the last five years, the Pension Funds Operators Association of Nigeria has said.
PenOp said this in a statement titled ‘Pension funds and private equity in Nigeria:...
Only 11% Of Workforce Is Enrolled In The Pension Scheme – PenOp
Despite the astronomical growth recorded in the pension fund, only 11 percent of workforce is enrolled in the Contributory Pension Scheme, CPS, and the micro pension schemes and this number needs to improve,...
President of the Pension Fund Operators Association of Nigeria, PenOp, Mr. Eguarekhide Longe has said that compliance to remittances of pension contributions from the public sector on both the Federal and State levels have lagged notably.
Longe who stated this at the Association’s annual general...
