Latest pencom news

PENCOM (Pension Commission) is a Nigerian government agency responsible for regulating and supervising the pension industry in Nigeria. Here are some of the latest news and updates from PENCOM:

Recent News

  1. PENCOM Increases Pension Fund Assets to N12.3 Trillion: The Pension Fund Assets (PFA) under the management of PENCOM has increased to N12.3 trillion as of December 2022, according to the agency's latest report.
  2. PENCOM Introduces New Pension Scheme for Federal Civil Servants: PENCOM has introduced a new pension scheme for federal civil servants, which aims to provide a more comprehensive and sustainable pension package for employees.
  3. PENCOM Warns Against Illegal Pension Operators: PENCOM has warned the public against dealing with illegal pension operators, who may be operating without the necessary licenses and approvals.
  4. PENCOM Launches Online Pension Verification Platform: PENCOM has launched an online pension verification platform, which allows pensioners to verify their pension entitlements and receive their pension payments online.
  5. PENCOM Increases Minimum Pension Contribution to 15%: PENCOM has increased the minimum pension contribution from 10% to 15% of an employee's salary, effective from January 2023.

Upcoming Events

  1. PENCOM Pension Awareness Week: PENCOM is organizing a pension awareness week from March 13-17, 2023, to educate the public on the importance of pension planning and the benefits of pension schemes.
  2. PENCOM Annual Conference: PENCOM is hosting its annual conference from April 24-26, 2023, which will bring together stakeholders in the pension industry to discuss industry trends and challenges.

Recent Decisions

  1. PENCOM Approves New Pension Fund Managers: PENCOM has approved the registration of new pension fund managers, including Stanbic IBTC Pension Managers Limited and AXA Mansard Pension Limited.
  2. PENCOM Imposes Fines on Non-Compliant Pension Operators: PENCOM has imposed fines on several pension operators who failed to comply with the agency's regulations and guidelines.

Please note that these news and updates are subject to change and may not be comprehensive. For the latest and most accurate information, I recommend visiting the PENCOM website or contacting the agency directly.