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The operational report released by National Pension Commission in January 2019 stated that the country's pension assets under the Contributory Pension Scheme (CPS) had reached N8.45 trillion. [ 3 ] In January 2022, the National Pension Commission reported that it had accumulated pension assets in excess of N13 trillion and invested in various ...
Premium Pension Limited' (PPL) is a leading Pension Fund Administrator (PFA) in Nigeria [1] which provides a range of products and services to clients based in all 36 states of Nigeria, including the F.C.T. [2] Premium Pension Limited is licensed by the National Pension Commission in December 2005, under the new Pension Reform Act, 2004.
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
AIICO Pension Managers Limited is a pension funds management company in Nigeria. It is a 65 percent owned subsidiary of AIICO Insurance, a Nigeria Stock Exchange listed insurance services provider. [2] [3] On 31 December 2015, the company's total assets were NGN:1,337,546,000, with shareholders' funds of NGN:1,275,178,000. [4]
Super angel. A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large ...
The Labour Act of 2004 set the standard for the minimum amount of naira a worker in Nigeria is supposed to make. In 2004 the minimum wage was set to ₦5,500.00 per month. In 2011, the National Minimum Wage Act of 2011 set the minimum wage to ₦18,000.00 per month. The Labour Act of 2004 also has an exception that states that any establishment ...
Chinelo Anohu[1] is a Nigerian lawyer, public servant and administrator. She is the immediate past Director General and CEO of National Pension Commission, (PenCom). She was a member of Pension Reform Committee of 2004 that introduced contributory pension scheme in Nigeria. In May 2019, she was appointed as the Head and Senior Director of the ...
Over 200 pension schemes have achieved either PQM or PQM PLUS standard. Over 400,000 employees are actively saving in these arrangements. The Pensions Infrastructure Platform (PiP) is an infrastructure investment vehicle established by the NAPF, the Pension Protection Fund and a group of large UK pension funds investment to encourage and ...