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PENCOM
news and analysis about pencom
Since the introduction of the window of transfer which allowed pension contributors to change their PFAs, there has been an alarming increase in the rate at which the PFAs sent gifts to many RSA holders
Nigeria’s Securities and Exchange Commission has said that the passage of the proposed Investments and Securities Bill will check the rise of Ponzi/Pyramid schemes as well as other illegal investment schemes
PenCom) has announced the final approval for pension contributors in active employment to use 25% of the balance of their RSA to pay for equity contribution for mortgage.
The National Pension Commission (PenCom) has reacted to reports of employee compensation allegations making the rounds on media platforms.
PFA’s portfolios remain skewed towards riskless FGN instruments and money market instruments which almost all earn negative real interest rates
PenCom has stated that a total of 10,541 Pension Compliance Certificates, PCC, were granted to organizations in the first quarter of 2022.
PenCom has said that 93,114 RSAs was registered by Pension Fund Administrators (PFAs) in the first quarter (Q1) of 2022.
Nigeria's pension fund assets increased by N453.8 billion in the first quarter of 2022 to stand at N13.88 trillion as of the end of March 2022...
PenCom has announced that up to 20 PFAs the April 27 deadline for a Minimum Regulatory Capitalisation from N1 billion to N5 billion.
Data shows that 73,600 informal sector workers have registered under the Contributory Pension Scheme as of the end of December 2021.
PenCom has stated that 1,526 organizations had remitted a total sum of N4 billion into the RSAs of their employees totalling 15,603.
A total of 48,543 pension contributors switched PFAs in 2021, bringing the total number of RSA transfers to 51,342 contributors.