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Police accounts for 6 per cent of pension contributors – NPFPL

Police accounts for 6 per cent of  pension contributors – NPFPL

By Sola Alabadan Senior Correspondent   The management of recently licensed Nigeria Police Force Pensions Limited (NPFPL) says the “Nigeria Police Force accounts for 6 per cent of the total…

PenCom clears 1,386 firms for FG contracts

By Sola Alabadan Senior Correspondent   A total of 1,386 employers have been certified to bid for Federal Government contracts as at August 22, 2014, after having provided evidence of…

Planning for a fulfilling retirement

By Sola Alabadan Senior Correspondent Define your retirement You probably have some idea of how you would like to spend retirement. That means you need to write your objectives down,…

PenCom summons pension operators over staff training

PenCom summons pension operators over staff training

By Sola Alabadan Senior Correspondent   The National Pension Commission (PenCom) has summoned pension operators to a meeting in Lagos to evaluate the impacts of training in the pension industry.…

30 insurers contribute N1.2b to pension scheme

By Sola Alabadan Senior Correspondent A total of 30 insurance companies contributed more than N1.2 billion to the contributory pension scheme in 2013 on behalf of their 4,303 employees, the…

Steps to a wealthy retirement

By Sola Alabadan Senior Correspondent Retirement is supposed to be enjoyed Retirement is supposed to be the time of life when you put away your cares and worries, kick back…

Expert tasks PenCom on shortcomings of new Pension Act

Expert tasks PenCom on shortcomings of new Pension Act

By Sola Alabadan Senior Correspondent   The fact that section 4 (4b) of the Pension Reform Act 2014 stipulates that an employer wanting to take full responsibility of the contribution…

Employers’ failure to remit pension contributions now serious offence

By Sola Alabadan Senior Correspondent In spite of the fact that the repealed Pension Reform Act 2004 mandates employers to deduct at source pension contributions and remit the contributions not…

Every employee in Nigeria must be pensionable – LASPEC DG

Every employee in Nigeria must be pensionable – LASPEC DG

By Sola Alabadan Senior Correspondent   Director General, Lagos State Pension Commission (LASPEC), Rotimi Hussain, has advocated that every employee in Nigeria, including the public office holders, should be made…

Employers with three workers must join pension scheme – New Pension Act

By Sola Alabadan Senior Correspondent By virtue of section 2(2) of the Pension Reform Act 2014 signed into law by President Goodluck Jonathan on July 1, 2014, every employer in…

FUG Pensions moves to grow market share

By Sola Alabadan Senior Correspondent Future Unity Glanvills Pension Limited (FUG Pensions) intends to take advantage of the provisions of the new Pension Reform Act 2014 to deepen penetration and…

Ensure you plan for retirement

By Sola Alabadan Senior Correspondent Join pension scheme today If you are yet to join the contributory pension scheme, endeavour to register with the Pension Fund Administrator of your choice…

Informal sector participation: Nigeria studies Kenya pension scheme

Informal sector participation: Nigeria studies Kenya pension scheme

By Sola Alabadan Senior Correspondent   The National Pension Commission (PenCom) sent a study team to Kenya in line with the commission’s determination to ensure informal sector participation in the…

Don’t retire from life, retire to life

By Sola Alabadan Senior Correspondent It is folly to plan on only living to your life-expectancy Life-expectancy is the age where 50 per cent of the people who are your…

Employer now contribute 10% to pension, employee 8%

By Sola Alabadan Senior Correspondent To ensure that every retiree is financially independent at retirement, the Pension Reform Act 2014 reviewed upwards, the minimum rate of pension contribution from 15…

Pension Act 2014: Another milestone in pension industry

Pension Act 2014: Another milestone in pension industry

In realisation of the fact that there is no perfect law anywhere in the world, few months after both the Senate and House of Representatives passed the Pension Reform Bill…

World Pension Summit: Towards making retirees enjoy retirement

World Pension Summit: Towards making retirees enjoy retirement

As plans are being concluded to hold the first edition of World Pension Summit in Abuja next week, SOLA ALABADAN examines the 10 year old contributory pension scheme in Nigeria whose…

PFAs must enlighten workers on pension, financial matters – PenCom

PFAs must enlighten workers on pension, financial matters – PenCom

Stories by Sola Alabadan Senior Correspondent   The Pension Fund Administrators (PFAs) has a duty to keep enlightening Retirement Savings Account (RSA) holders and the retirees on pension and financial…

Pension calculator allows maximum pension, lumpsum

The pension calculator is designed to provide contributors to the pension scheme with an indication of the amount of income they may receive in retirement. By answering some simple questions,…

Abuja hosts World Pension Summit

Arrangements are being concluded to host the first  edition of WorldPensionSummit ‘Africa Special’ in Abuja on July 7 and 8 with a focus on African developments in the pension industry.…

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