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PenCom, African regulators partner to improve pension benefits

The Director-General, National Pension Commission, Mrs. Chinelo Anhohu-Amazu, has said the commission is collaborating with other African countries to increase the benefits of pensions. She said this during a press conference on the third edition of the world pension summit with the theme, ‘Pension innovations: The African perspective’, billed to hold in Abuja in September. Read more at Punch

Non-remittance of pension funds: PenCom, EFCC compiling list of defaulting employers for prosecution

NATIONAL Pension Commission, PenCom, yesterday in Lagos said it was, in collaboration with Economic and Financial Crimes Commission, EFCC, compiling for prosecution a list of employers who have not been remitting deducted pension contributions. Read more at Vanguard

Govt, others target N5.46tn pension funds

The total assets under the Contributory Pension Scheme keep rising and different segments of the economy are hunting for a share of the funds for various purposes, NIKE POPOOLA writes Read more at Punch

Why N1.16trn pension infrastructure fund not utilised —PenCom DG

The Director General of National Pension Commission, PenCom, Chinelo Anohu-Amazu, Tuesday, lamented that of the N1.16 trillion available for infrastructure financing, only N1.36 billion had been so far accessed. Read more at Vanguard

Key Points on Access to Mortgage

Section 89 (2) of the Pension Reform Act (PRA) 2014 provides that a Pension Fund Administrator may, subject to guidelines issued by the National Pension Commission (the Commission), apply a percentage of pension fund assets in the retirement savings account towards payment of equity contribution for payment of residential mortgage by a holder of Retirement Savings Account (RSA). Read More

  • Contributory pension will encourage early retirement —ADEWALE O. KOLAWOLE(Source: The Punch Published 31/01/2016)

Our goal is to be a brand synonymous with pension across the globe, becoming an integral part of individual retirement planning from the beginning, staying to the end of their working career and ensuring that life is worth living after retirement.

With Electronic Pension Contributions Collections System (EPCCOS) platform, employers can now upload schedules and remit monthly pension contributions. Using the platform will eliminate the challenges of missing months, No PIN, No Schedules and other issues relating to payments and delays in crediting of Retirement Savings Account (RSA). Please click for more information:

read more... Account Name: FPCNL/NLPC PFA LTD (Cont Acct)
Account Number: 2006895606
Sort Code: 11154686
Bank : First Bank Nigeria Ltd