The Nigerian Pension Industry (‘the Industry’) has evolved from one with predominantly public sector participants running a defined benefit scheme to a mandatory defined contribution system...
FCMB Group Plc, through its pension management subsidiary, FCMB Pensions Limited has acquired a 60 percent stake in AIICO Pension Managers Limited following regulatory approvals. The...
Lagos State Governor, Babajide Sanwo-Olu has approved an increase of 33 percent adjustments in the pensions of retirees under the Defined Pension Scheme (DBS) arising from...
The rising unemployment number due to the COVID-19 pandemic has forced many pension account holders to start withdrawing part of the funds. According to the report...
Stanbic IBTC Pensions Urged RSA Holders to Engage in Data Recapture Exercise Stanbic IBTC Pension Managers, one of the leading Pension service provider in Nigeria and...
114,837 Retirees Quit Pension Scheme, Collects N28.46 Billion Thousands of retirees whose employers did not adequately fund their Retirement Savings Accounts and retired with balances below...
Total Pension Assets Expand to N11.35 Trillion The National Pension Commission has revealed that the total pension assets rose to N11.35 trillion as of the end...
Law Markers Rejects President Buhari’s PenCOM Director-General Nominee The Senate has rejected President Buhari nominated Director-General of the National Pension Commission, Aisha Umar. Some of the...
States Are Not Remitting Staff’s Contributory Pnesions All state governments’ retirees in the country suffer either outright non-payment or long waits to access their pension benefits...
Asia Accounts for 21% of Top 10 Sovereign Wealth Funds A new report has revealed that the ten largest Sovereign Wealth Funds manage assets valued at...