Pencom Archives

How PenCom invested N130bn pension fund in infrastructure

PenCom considers PFA securities lending

The National Pension Commission has stated that regulations are being developed to allow Pension Fund Administrators to engage in securities lending as a form of participation in the capital market. It made this disclosure on Wednesday during a session hosted by PenCom, the Securities and Exchange Commission, and the Nigerian Exchange Limited. The workshop’s focus […]

bfatoyepdnlimited-com
10th August 2023
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PenCom recovers N25.45bn unremitted contributions

Business

PenCom promises to uphold contributors’ interests

The Director-General of the National Pension Commission, Aisha Dahir-Umar, has stated that PenCom is preserving contributors’ interests as funds under the Contributory Pension Scheme rise. The director-general was addressed at the Lagos 2023 Journalists’ Conference while being represented by the head of the corporate communications department, Abdulqadir Dahiru. According to her, “PenCom’s proactive regulatory strategy has increased the […]

bfatoyepdnlimited-com
7th August 2023
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233 Views

News

PenCom deploys agents to recover unpaid pension contributions

The National Pension Commission has announced that it continues to use Recovery Agents to recover unpaid pension contributions and fines assessed against defaulting businesses. According to Vanguard, employee interest in the Contributory Pension Scheme decreased in the first quarter of 2023 as a result of a 10.2% YoY decline in the number of new RSA enrolments […]

bfatoyepdnlimited-com
29th June 2023
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242 Views

News

PenCom recovers N384m pension from defaulting employers

By Wilson Adekumola The National Pension Commission has said that it has recovered N384 million from defaulting employers. The PenCom’s Director-general, Aisha Dahir-Umar made this known at the 2023 Labour Writers Association of Nigeria workshop, in Lagos, adding it has recovered N384.28 million as pension contributions owed workers by defaulting employers in the […]

aadelekepdnlimited-com
22nd May 2023
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117 Views

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How pension assets hit N15.58tn – PenCom

The total pension assets of the National Pension Commission, PenCom, is currently over N15.58 trillion. The Director-General of the commission, Aisha Dahir-Umar, revealed this at a workshop organized for the Labour Writers Association of Nigeria, LAWAN, with the theme, “Securing the Future: The Benefits of the Contributory Pension Scheme to the Nigerian Workers,” in Lagos […]

bfatoyepdnlimited-com
19th May 2023
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187 Views

Director-General, PenCom, Aisha Dahir-Umar

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168k workers transfer N664bn pension funds to other administrators – PenCom

Since the National Pension Commission opened up the option to transfer pension funds, 168,768 workers have moved their Retirement Savings Accounts worth N663.761bn to different Pension Fund Administrators. This was recently disclosed by PenCom in their “Quarterly summary of Retirement Savings Accounts transferred by Pension Fund Administrators” spaning from the fourth quarter of 2020 to […]

oojopdnlimited-com
17th April 2023
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149 Views

Business

Contributory asset rose above N1tn in one year- PenCom

The Contributory Pension Scheme’s asset rose from N13.76tn as of the the end of February 2022 to N15.45tn February 2023 which account for a N1.68tn increase in one year. PenCom made this disclosure in its unaudited report on the pension funds industry portfolio, accessed by The Punch. This report covers the period up until February […]

oojopdnlimited-com
10th April 2023
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175 Views

News

PenCom workers permitted to use pension for mortgage

The National Pension Commission has started giving workers permission to use 25% of their Retirement Savings Accounts for mortgage. According to The PUNCH, this was disclosed by the agency on Friday via a press statement titled, ‘PenCom approves guidelines on accessing Retirement Savings Account balance, for payment of equity contribution for residential mortgage by RSA […]

oamudipepdnlimited-com
24th September 2022
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262 Views

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022.

Insurance News

Pension remittances: 20 firms default, pay N211.5m penalty

At least 20 companies have been forced to pay approximately N211.5 million in accumulated interest charges on unremitted pensions of their employees in the second quarter of 2022. According to The Nation, this is a 28.4% decrease from the N295.5 million in similar charges paid by employers in the first quarter of 2022. However, in […]

oamudipepdnlimited-com
20th September 2022
1 Comment
220 Views

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Tag: Pencom

PenCom considers PFA securities lending

PenCom promises to uphold contributors’ interests

PenCom deploys agents to recover unpaid pension contributions

PenCom recovers N384m pension from defaulting employers

How pension assets hit N15.58tn – PenCom

168k workers transfer N664bn pension funds to other administrators – PenCom

Contributory asset rose above N1tn in one year- PenCom

PenCom workers permitted to use pension for mortgage

Pension remittances: 20 firms default, pay N211.5m penalty

UK confronts Meta, TikTok, Google, others over online.

Snap to cut 16% of workforce over rapid.

Google enables Gemini to generate images from personal.

20million people at risk of food insecurity in.

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