FG flouting pension law by not remitting new minimum contribution rate
Seven years after the Federal Government amended the Pension Reform Act (PRA) which requires employers to remit 18% of workers' monthly earnings into RSAs of their workers, the government has…
Digital Verification of Retirees in South-West to begin in July 2021 – PenCom
The National Pension Commission (PenCom) has announced that it will begin digital verification and enrollment of prospective retirees in the South-West region by the end of the first week of…
Non-Interest Pension Fund to take off in Q4 of 2021 – Industry experts reveal
Mr. Dave Uduanu, Managing Director and Chief Executive Officer of Sigma Pensions, has stated that the new non-interest pension fund, which will be launched in the fourth quarter of this…
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
The 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), the portability…
