How to generate Employer Code (EC) from PenCom under the CPS
What is an Employer Code (EC)? An Employer Code (EC) is a unique identification alpha-numeric code that is issued to eligible employers who are duly registered with PenCom in order…
High coupon rates, General election uncertainties shift PFAs attention to Corporate Bonds
In the light of rising interest rates and the uncertainty surrounding the impending general elections in 2023, Nigeria’s largest investment body, Pension Fund Administrators (PFAs) are now increasing their holdings…
How to apply for Residential Mortgage Equity Contribution with RSA balance
By Moshood Ayeni In a recent circular released by PenCom on the approval and immediate implementation of the Guidelines on using part of the RSA balance as Equity contribution for…
Employers’ Checklist on Pension Remittances
The 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 (CPS) where…
Curbing the unfriendly practice of unremitted pension contributions
PensionTalk A key feature of the Contributory Pension Scheme is the joint contributions of monthly pension deductions and remittances. The contributory feature means that both the employer and employee contribute…
