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Contributory Pension Scheme

Pencom criticizes moves to amend Pension Reform Act

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PenCom

The National Pension Commission (PenCom), has cautioned that any amendment to the Pension Reform Act (PRA) 2014 will kill the growing culture of national savings built within the last decade, possibly, scaring away investors in the pension industry and the country. This is arising from calls for exemption of some agencies of the government from […]

PENCOM reveals Pension assets growth to over N7tn

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Pension

The National Pension Commission has revealed that the total assets under the Contributory Pension Scheme has grown to N7.09tn as of the end Q3, 2017. The commission stated that, the funds had continued to maintain a steady growth since inception of the scheme. PenCom stated that the aggregate pension assets under the CPS grew from […]