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Retirees assets to hit N22trn before January as PenCom promises

Retirees assets to hit N22trn before January as PenCom promises

The National Pension Commission has said it is working with the Federal Government to institutionalise a sustainable solution, ensuring retirees receive their benefits promptly and without undue stress. This was revealed by the Director-General, Omolola Oloworaran at a media conference in Abuja on Thursday. “Expanding pension coverage remains a top priority for the Commission. Our … Read more

PenCom lifts restrictions on LPFAs investing in commercial papers

PenCom lifts restrictions on LPFAs investing in commercial papers

The National Pension Commission (PenCom) has lifted restrictions on Licensed Pension Fund Administrators (LPFAs) investing in commercial papers where capital market operators act as Issuing and Paying Agents (IPAs). This decision was announced through a circular issued by the commission on Tuesday in Abuja. According to the circular, the Securities and Exchange Commission (SEC) has … Read more