PenCom Moves To Curb Unfunded Retirement Savings Accounts       The National Pension Commission has ordered Pension Fund Administrators to ensure that all remitted contributions are credited into the Retirement Savings Accounts of the workers. This is to reduce the number of unfunded RSAs of workers under the...

Operators Invest N217.58bn Pension Funds In Real Estate         Pension Fund Administrators have invested N217.58bn in real estate as of the end of the end of September 2020, the National Pension Commission has said. PenCom said this in its third quarter 2020 report. It also disclosed that N54.57bn...

PenCom To Sanction PFAs For Refusing Retirees Annuity     The National Pension Commission has said it will sanction Pension Fund Administrators that refuse to approve annuity for retirees who are collecting pensions to them under the Programmed Withdrawal. It stated this in a circular entitled, ‘Procedure for...

Pension Fund Now N11.09trn     Pension Fund Administrators (PFAs) have recorded N666 billion increase on pension fund assets in six months. The total pension fund hits a record high of N11.09 trillion as at June 2020 from N10.8 trillion recorded in May. Besides, the number of Retirement Savings...

PenCom Waives Requirements, Orders PFAs To Pay Retirees     The National Pension Commission has ordered Pension Fund Administrators to temporarily waive the National Identity Number that was a mandatory requirement for retirees to get their benefits following mounting complaints from retirees. It stated this in a circular...

Pension Commission Urges Workers To Update RSA   The National Pension Commission (PenCom) has urged contributors into the Contributory Pension Scheme(CPS) to go to their Pension Fund Administrators (PFAs) and update their Retirement Savings Account (RSA) details. The commission also warned that RSA holders who ignore the...