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No case of mismanagement of pension funds under the CPS – Pension Operators

Spread the lovePension Fund Operators Association of Nigeria (PenOp) has assured that there is no issue of mismanagement of pension under the Contributory Pension Scheme (CPS) as wrongly reported in…

143 retirees received ₦963 million retirement bond from Osun State

Spread the love143 retirees in the Osun State civil service have received bond certificates of over ₦963 million. The state governor, Mr Gboyega Oyetola, who made this known in Osogbo,…

PTAD has resumed pensioners verification earlier suspended

Spread the loveThe Pension Transitional Arrangement Directorate (PTAD) on Wednesday said it had resumed the verification of mop-up/in house exercise previously postponed. This is contained in a statement issued by…

Federal Government loses N1bn to ghost pensioners monthly

Spread the loveNigeria Union of Pensioners (NUP), University of Benin branch, has disclosed that the Federal government lost N1 billion monthly to ghost pensioners monthly. The pensioners, in a Save…

PFAs increased Investment in equities by over 55% in 2020 due to low interest rate

Spread the lovePension Fund Administrators (PFAs) moved massively into the equities market last year, raising investment in the market by 55.3%, year-on-year, in a determined bid to escape the abysmally…

PFAs to adopt Business Models for Pension Funds in line with IFRS 9

Spread the loveThe National Pension Commission (PenCom), has given an ultimatum for all pension fund administrators (PFAs) to adopt the business models (BM) developed to guide the investment decisions for…

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