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Maintaining service standard and growth potential of the pension industry prompted the hike in PFAs’ minimum capital

In this exclusive interview with the Nation newspaper, the Director General of the National Pension Commission (PenCom) explained the reasons for the increase in the minimum share capital of Pension…

Employers MUST display their Group Life Insurance Policy (GLIP) certificate by 31st July 2021 – PenCom

PenCom has issued a public notice to all employers under the CPS on compliance with the Guidelines on Group Life Insurance Policy (GLIP)

A Review of the RSA Transfer Window

Spread the loveThe launching of the RSA Transfer window (RTS) on 16 November 2020 heralded the full implementation of one of the cardinal features of the Contributory Pension Scheme (CPS),…

Mixed reactions trail PenCom’s N5bn recapitalization for Pension Fund Administrators (PFAs)

Spread the loveThe Nigerian Pension Commission (PenCom) recently announced that Pension Funds Administrators (PFAs), the managers of the various pension assets, must increase their minimum capital base to N5 billion…

Lagos approves increase of Retirees pension by 33%

Spread the loveBabajide Sanwo-Olu, the Governor of Lagos State, has approved a 33% increase in the pensions of retirees under the Defined Pension Scheme (DBS) as a result of the…

Kwara State has spent N20 billion in two years on pensions and gratuities.

Spread the loveIn the last two years, the Kwara State Government has spent close to N20 billion on pension and gratuity payments. Sa’adu Salahu, Gov. AbdulRahaman AbdulRazaq’s Special Adviser on…

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