Category: Insurance & Pension

The National Pension Commission reverts to 25 percent old lump sum payment

The National Pension Commission (PenCom) has reverted to old template payment of 25 percent initial lump sum to retirees under the Contributory Pension Scheme following outcry that greeted its downward review to 20 percent.As a result this development, the Commission has directed all Pension Fund Administrators to revert to the old template of 25 per…

Adeosun to Nigerians: Embrace life insurance

THE Minister of Finance, Mrs Kemi Adeosun, yesterday said with the various economic developmental initiatives of the Federal Government and its agencies, Nigerians need to build a solid financial plan for the future through life insurance planning. Mrs Adeosun made this known at the third National Conference of the National Association of Insurance and Pension…

Pension assets grows from N7.52trn to N8.23trn in June, 2018

NAIPCO Conf 2018 Participants *312, 291 workers join CPS in six months Pension assets under the Contributory Pension Scheme (CPS) have increased from N7.52 trillion in December 2017 to N8.23 trillion in June 2018. The Acting Director-Genera, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, who disclosed this during the 3rd annual conference of the National…

SEC move to collaborates with PenCom for efficiency

L-R,   Head, Investment Supervision Department, National Pension Commission {Pencom}, Mr Ehimeme Ohioma, Director General, Securities and Exchange Commission  Ms Mary Uduk, Head Compliance and Enforcement Department Pencom Mr Mohammed Umar and Acting, Executive Commissioner Operations, SEC, Mr. Isyaku Tilde during a Meeting between SEC and Pencom in Abuja yesterday

NAIPCO Confab 2018: Adeosun Leads others stakeholders on Insurance, Pension Growth Opportunities

Stakeholders in the nation’s insurance and pension industry will on Thursday in Lagos gather and discuss critical issues that will enable both sectors achieve their growth potential in the countries financial services market.   According to the statement, leading the discussion will be the Minister of Finance, Kemi Adeosun at the Annual Conference event with…