PenCom recovers N25.45bn unremitted contributions
By Melvin Onwubuke The National Pension Commission has made huge progress in ensuring compliance among employers regarding pension contributions. According to…
Pencom
NGX, PenCom collaborate to boost pension funds in equity market
The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will increase the involvement of Pension Fund Administrators in…
How PenCom invested N130bn pension fund in infrastructure
Pension Fund Administrators invested N130.18 billion in infrastructure through the Contributory Pension Scheme as of September 30, 2023. The Punch reported that…
Workers dump PFAs, new operators get N822bn retirement savings
203,127 workers have changed their Pension Fund Administrators and transferred N822.37 billion from their Retirement Savings Accounts since the National Pension Commission…
Retirees withdraw N7.79bn savings, quit pension scheme – PenCom
In one year, 15,634 workers who retired under the Contributory Pension Scheme and could not receive up to N10,000 monthly stipends withdrew…
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…
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…
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…
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…
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,…
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…
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…