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Access Holdings gets nod to take over First Guarantee Pension

Spread the loveAccess Holdings has received the green light from the National Pension Commission (PenCom) for the bid to acquire the controlling stake in First Guarantee Pension, the financial services…

Employers’ Checklist on Pension Remittances

Spread the loveThe Pension Reform Act (PRA) 2014 mandates employers of labour in the private and public sector (except for the few exempted ones) to join the Contributory Pension Scheme…

Pension Fund under CPS hits N14.27 trillion in June 2022

Spread the loveAccording to the National Pension Commission (PenCom) the value of pension fund assets as of June 2022 is N14.27 trillion as the number of contributors under the scheme…

En-bloc Payment: Retirees with pension less than a third of the Minimum wage get full En-bloc payment

Spread the loveRetirement Savings Account (RSA) balances can now be withdrawn en-bloc by retirees who are eligible for a monthly pension of less than N10,000, which is a third of…

Lagos pays N43b to 11,644 retirees, updates Employer Employee contribution rate

Spread the loveMrs. Ajibola Ponle, the commissioner for establishments, training, and pensions for the state of Lagos, revealed that from May 2019 until now, the Lagos State Pension Commission (LASPEC)…

Nigeria’s Pension assets can help close the infrastructure deficit funding gap – Report

Spread the loveBy allocating its $33.4 billion in pension assets to infrastructural funding, Nigeria may be able to close its $100 billion annual infrastructure gap. According to a recent report…

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