PenCom grants PFAs autonomy to approve retirement benefits, mandates two-day processing
The National Pension Commission (PenCom) has issued a new directive that grants Pension Fund Administrators (PFAs) the full authority to ...
Tag: Pension Fund Administrators
We inherited N13 billion unpaid pension, gratuity arrears in Zamfara – Governor Lawal
The governor of Zamfara State, Dauda Lawal, has revealed that his government inherited a total sum of N13 billion as ...
Anambra investigates unremitted pension funds for local government workers and teachers
The Anambra State Government has initiated an investigation into missing pension funds for local government employees and primary school teachers.
Best performing Nigerian Pension Fund Administrators in July 2024
The Nigerian pension industry witnessed varied performances across different Retirement Savings Account (RSA) funds in July 2024, with some Pension ...
Nigeria’s pension asset gains N4.1 trillion in one year, hits all-time high of N20.2 trillion
In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion.
LASG disburses over N63 billion in pension benefits to 19,814 retirees over five years – Commissioner
The Lagos State Government has announced the disbursement of over N63 billion in pension benefits to 19,814 retirees over the ...
NPF Pensions achieves strong financial performance with increased income and profit in 2022
NPF Pensions' RSA holders increased from 20,852 holders 2021 to a total of 323,096 RSA holders by the end of ...
Number of RSA pension transfers surged by 90% to 92,413 in 2022
A total of 92,413 RSA pension contributors changed their pension fund administrators in 2022, representing a 90.2% increase from 2021
Over 30,000 RSA holders switch pension managers in Q3 2022 as competition intensifies
The number of RSA transfers processed in Q3 2022 is the highest quarterly number recorded since the opening of the ...
Low diversification of PFA investments among major challenges facing Nigerian pension industry – Report
The report said persistent scepticism about the pension system in the country has limited the growth of the industry
