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75% Lump-Sum proposal would harm contributors under the CPS – PenOp Warns

The Pension Funds Operators Association of Nigeria (PenOp) has cautioned that a bill proposing a 75% lumpsum payment for retirees under the Contributory Pension Scheme (CPS) would harm contributors under…

Micro Pension Plan: PenCom dissatisfied with the slow pace of growth

Before the official launch of the Micro Pension Scheme (MPP) in March 2019, the National Pension Commission expressed hope that the scheme would triple the volume of pension assets over…

PenOp holds 3rd annual pension retreat for federal lawmakers

The Pension Fund Operators Association of Nigeria (PenOp) will hold its third retreat tomorrow for the Senate’s Joint Committee on Establishment and Public Service and the House of Representatives’ Committee…

PenOp and AVCA collaborate on Development of private equity (PE) in Nigeria

Pension Fund Operators Association of Nigeria (PenOp) and the African Private Equity and Venture Capital Association (AVCA) are in collaboration to empower local investors and develop private equity (PE) as…

PenOp: Sharia-compliant Pension Fund for launch before June 2021

The President of Pension Fund Operators Association of Nigeria (PenOp), Mr. Wale Odutola, has said that the new Pension Sharia Fund may be launched in the first half of the…

PenCom has approved PenOp’s SSI proposal on Data Recapture Exercise

Data recapture of contributors under the Contributory Pension Scheme (CPS) has been a major challenge of the National Pension Commission (PenCom). The Commission has, therefore, approved the Pension Operators Association…

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