A report has analysed risks militating against the Pension industry in Nigeria.
PenCom has ordered that employers without Group Life Insurance policy for their employees be reported to the agency.
PenCom's Acting DG said pension fund managers have been very cautious about where they invest.
It has not been uncommon over the years to have insurance companies with pension subsidiaries.
Pension Contributors on the receiving end as devaluation and high inflation rate wipe out what's left of their returns
The Nigerian equities market has rallied strongly, with blue chips outperforming, and the all-share index up by 9.2% since the CBN's OMO ban.
A few weeks ago, many news media organizations published articles on the plan by FGN to borrow a whopping N2 trillion from the pension funds.
PenCom has directed that from March 2020, companies with no insurance covers for their staff, would not be allowed to do any government business.
The National Pension Commission (PenCom) is in talks with the Debt Management Office (DMO) to offer pension bonds on behalf of FG.
PenCom is taking steps to raise pension bonds through the Debt Management Office (DMO) to offset the pension arrears of the federal retirees.
