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FG Sets up Committee to Reconcile, Clear Pension Backlog

The Minister of Budget and Planning , Senator Udoma Udo Udoma, thursday said the federal government would constitute a special committee to reconcile conflicting figures on pensioners claims and evolve creative measures to raise funds towards resolving the huge pension liabilities to workers. Read more at ThisDay

Pension assets rise to N5.9tn

The total assets under the Contributory Pension Scheme rose to N5.9tn as of the end of September. The Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, disclosed this during a seminar in Abuja on Wednesday. Read more at Punch

World Pension Summit: Expected Lessons, Opportunities

President Muhammadu Buhari and his economy team will surely be excited as global experts on pension innovation, leaders of thought and key practitioners gather in Abuja between September 27 and 28 to brainstorm on issues very dear to the President’s heart: key elements of developing and structuring a sustainable pension system for Nigeria and other African nations. Read more at ThisDay

PENCOM to invest N2.32 trillion in infrastructure by 2019

The National Pension Commission (PENCOM) said on Tuesday it planned to deploy at least 40 per cent of the total pension funds in the country (about N2.32 trillion) into investments in infrastructure development by 2019. Read more at PremiumTimes

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

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:

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