TwentyTenDaily

Tag: Pension Accounts

  • Pension Funds Downsize Investments By 36%

    Pension Funds Downsize Investments By 36%

    Findings in the data from the National Pension Commission has shown  that the Pension Funds Administrators investments in state government securities fell by a huge 36 percent to N97.89 billion in the first half of 2021 (H1’21). This is from N152.93 billion recorded in the corresponding period in 2020 (H1’20). But the PFAs’ interest in…

  • PenCom: Over 9,000,000 Workers Have Pension Accounts

    PenCom: Over 9,000,000 Workers Have Pension Accounts

    The total number of workers with pension accounts under the Contributory Pension Scheme rose slightly to 9,265,141 as of the end of February 2021. Figures obtained from the National Pension Commission on its February monthly report on Friday said the cumulative Retirement Savings Account registrations grew from the 9,147,039 recorded in Q3, 2020 to 9,215,788…