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…
PenCom reiterates the importance of the Data Recapture Exercise (DRE)
In a press release today, the National Pension Commission (PenCom) has reiterated the need for all RSA holders to recapture their Data at the office of their respective Pension Fund…
All 20 PFAs comply with Minimum Recapitalization before the deadline
The National Pension Commission (PenCom) has disclosed that all the Pension Fund Administrators (PFA) in the country have met the N5bn minimum requirement for recapitalization. This was disclosed in a…
