Tag
PENSION
The Retirement Savings Accounts are powerful accumulators of compounded investment returns because they have a tax-exempt advantage for cash contributions and investment returns.
As more and more Nigerians begin to take their retirement planning more seriously thanks to growing awareness campaigns, the total asset value of pension fund assets has hit a new all-time high.
The summary of Pension Fund Assets shows that Pension contributors hit 8.56m in February 2019. When compared to the 8.4m plus contributors that had been maintained since December, there's an increase.
Pension Fund contributors aged less than 30 years now make up a smaller number of pension contributors, going by the data released by the National Pension Commission.
The president noted that the initiative is part of the Government's plans to ensure that hardworking Nigerians live in dignity and retire in peace when due.
The National Pension Commission (PenCom) recently released guidelines (the Guidelines) to provide clarity on voluntary contributions (VCs) under the Contributory Pension Scheme (CPS).
PenCom recovers outstanding pensions
More Nigerians are waking up to the need to save for the rainy day as indicated by the trends.
Pension funds administrators invested in state securities in the period under review.
There is no doubt that the multi fund structure has begun with the right foot forward.
According to the recently released data on pension registration in Nigeria, about 8 million Nigerians are registered in one form of pension
The statutory requirement for every eligible Nigerian employee to maintain a Retirement Savings Account (RSA) in his or...