Tags: PenCom

PenCom urged to implement Transfer Window

  Company Secretary, NPF Pensions Limited, Ikechukwu Utazi (left); Managing Director, FUG Pensions, Usman Sulaiman; Head, Research and Corporate Strategy Department, National Pension Commission (PenCom), Dr Farouk Aminu; Chairman, Pension Funds Operators Association of Nigeria (PenOp), Eguarekhide Longe; Executive Secretary, PenOp, Susan Oranye; Executive Director, Investment, NPF Pensions, Nicholas Nnaji and Managing Director, AXAMansad Pension,…

PFAs increase pension funds in infrastructure to N4.2bn from N1.82bn

The Pension Fund Administrators in the interest of generality called has finally increased the amount of funds invested in infrastructure under the Contributory Pension Scheme to N4.2 billion.Some operators disclosed that investors had continued to mount pressure on them to part with the funds in their custody into infrastructure.   According to the figures obtained…

NAICOM, PENCOM Sets To Issue New Rules On Annuity Operations

Commissioner for Insurance, Mohammed Kari Advertisement Both National Insurance Commission (NAICOM )and National Pension Commission (PenCom) are set to release the new modalities that they have being puting together documents of harmonization of pension and insurance regulatory operations over the months will regulate the provision of life annuity for retirees under the Contributory Pension Scheme. Amehnews recall…

PenCom says PFAs should fund pension protection fund by pay 3percent

The Director-General, PenCom, Mrs. Chinelo Anohu-Amazu   The National Pension Commission has ordered the Pension Fund Administrators(PFAs) to pay three per cent of their management fees into the pension protection fund. This, it was learnt, would aid the implementation of minimum pension for retirees under the Contributory Pension Scheme. Some of the operators, who disclosed…

N140bn annuity fund: Adeosun Directs both PenCom, NAICOM to issue a joint circular

Minister for Finance, Kemi Adeosun The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians (PFCs). The intervention of the minister…