Tag
PENCOM
news and analysis about pencom
PenCom has developed an online enrollment application for the registration, verification and enrollment of prospective retirees.
In an attempt to generate more returns and ensure the long-term sustainability of the funds, pension fund managers have had to over allocate their assets to risky investments.
Latest report by PenCom has shown that thirty-one states of the federation have no insurance cover in place for workers as of March, 2021.
The Net Asset Value (NAV) for April 2021 rose (47 basis points m/m) to N12.40 trillion from N12.34 trillion in March 2021.
PenCom has extended the pre-retirement verification and enrolment for the employees of FG treasury funded MDAs.
N17.732 billion has so far been recovered from employers by PENCOM, since the inception of the scheme.
A total of N14.97bn was withdrawn by the RSA holders who were under the age of 50 years in 9 months in 2020.
PenCom's Q3 2020 report has revealed a total pension contributions growth of N184.68 billion.
The sum of N213,071,826.04 was recovered from 13 defaulting employers, according to PenCom's Q3 2020 report.
PenCom says over 2,100 applications for PFA transfer were submitted and received by the commission between November 16 and 30.
Dr. Umaru Farouk Aminu has been nominated by President Buhari as a commissioner-elect in the National Pension Commission.
If you are looking at transfering your RSA from one fund manager to another, here are a few things you might consider first.