PFOs Sustain Business Growth With N1.69trn Investment   Pension Fund Operators (PFOs) have invested a sum of N1.69 trillion in banks through money market instruments from the inception of the Contributory Pension Scheme (CPS) to 2023. The amount serves as loans to the private sector. This was disclosed...

PFAs Kick As NASS Passes Bill To Exit Pension Scheme   The National Assembly has passed a bill to exempt its workers from the scheme, 18 years after operating the Contributory Pension Scheme. However, the Pension Fund Operators Association of Nigeria (PenOp) has said that the passage...

PenCom To Review Pension Act 2014   National Pension Commission (PenCom) is set to review the Pension Reform Act 2014. At its retreat in Abuja, it identified salient issues to be reviewed in the act. Present were stakeholders from the National Assembly, Pension Fund Operators (PenOp), labour unions,...

Pension Fund Operators Invest N47.32bn In Infrastructure   The Pension Funds Administrators have increased their pension funds investment in infrastructure to N47.32bn, latest statistics from the National Pension Commission have revealed. The latest figure was said to be as of the end of February 2020. The total assets...

Pension Fund Operators Invest N5.5trn In FG Securities With the nation’s total pension fund rising to N7.79 trillion as at the end of February 2018, pension fund operators have invested N5.5 trillion, about 70 per cent, of the pension assets in federal government securities. Of the...