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Retirement Savings Account
A Chartered Insurer and former Managing Director of Linkage Assurance Plc, Dr. Pius Apere, has kicked against the multi-fund investment structure introduced last year by the National Pension Commission (PENCOM), stressing that the Pension Fund Administrators (PFAs) have not created enough awareness on the initiative.
Total pension funds’ assets under management increased to N8.63 trillion in the fourth quarter of 2018 (Q4 2018), compared to N8.32 trillion in Q2, according to the National Bureau of Statistics (NBS).
The Lagos State Pension Commission (LASPEC) on Sunday said that Gov. Akinwunmi Ambode has signed into law the Amended Lagos State Pension Reform Law.
The Lagos State Government said it released N688 million to 178 retirees in October to offset part of their accrued pension rights.
The National Pension Commission (PenCom) said it recovered a total of N465.02 million as outstanding pension contributions from defaulting employers in the second quarter of 2018, Q2’18.
The National Pensions Commission says that employees can make Voluntary Contributions into their Retirement Savings Account besides mandatory pension contributions.
The National Pension Commission (PenCom) has released official guidelines on voluntary contributions into the Contributory Pension Scheme (CPS).
The National Pension Commission (PenCom) has issued new guidelines to regulate the operation of Voluntary Pension Contributions (VPC) under the Contributory Pension Scheme (CPI).
About two years after the Pension Fund Administrators started funding the Pension Protection Fund meant for financing minimum pension payment to retirees under the Contributory Pension Scheme, the Federal Government has yet to fulfil its own side of the funding arrangement.
Governor Akinwunmi Ambode has again, delighted Pensioners in Lagos State Public Service, inclusive of Local Government and SUBEB by releasing the sum of N1,075 billion into the Retirement Savings Account (RSA) of 301 Contributory Pension Scheme (CPS) retirees in the month of November.
The National Pension Commission has urged the Federal Government to establish a social security scheme to alleviate the sufferings of Nigerians.
The Edo State Government has said the House of Representatives lacks the Constitutional powers to shut down the Edo State House of Assembly.
President Muhammadu Buhari has called on the intelligence community in Africa to tighten the loop against illicit financial flows, just as he attributed rising security challenges to sponsorship by those who profit from illegal financial activities.
The term of the President of the Nigeria Football Federation, Mr. Amaju Melvin Pinnick as the 1st Vice President of the Confederation of African Football along with that of the 2nd and 3rd Vice Presidents expired today.
Mr Muhammad Abubakar, the Director, Abuja Liaison Office, Nigerian Shippers Council, has urged stakeholders in the sector to patronise the Kaduna Inland Dry Port to enjoy its benefits.
Governor Ifeanyi Okowa of Delta State has forwarded a list of additional 10 nominees to the State Assembly for screening and confirmation as commissioners.
Sudan's protesters and ruling generals Wednesday signed a power sharing deal, paving the way for a civilian administration, a key demand of demonstrators since president Omar al-Bashir was deposed in April.
Reacting to Buhari’s reappointment of Abba Kyari as his Chief of Staff and Boss Mustapha as Secretary to the Government of the Federation, Isiguzoro urged people of the South-East to rise up above sentiments and embrace the choice of appointments by the president.
Frank Lampard is set to remodel Chelsea this season and he has also prepared to give the younger players the opportunity to prove themselves at the top level following the transfer ban that is hit by the club.
Real Madrid coaches have been left ‘stunned’ by Takefusa Kubo and could hand the teenager a place in the first team squad for this coming season.
The Katsina state Government on Sunday, donated a 60 bed dormitory complete with 4 sets of bathroom and toilet worth N16.8m to the Police Boy’s Secondary School, Mani, during their passing out parade and graduation ceremony