What you need to know about PRA 2014
According to PRA 2014, there are four grounds by which the pension contributions can be accessed either in whole or in parts by a contributor which are listed below; 1. MANDATORY RETIREMENT 2. LOSS OF…
Category Archives for News
Requirements for Data Capture
Requirements for Data Capture. To ensure our clients have adequate information at the point of being captured for data updates, the following requirements must be in place. 1. PUBLIC SECTOR: Letter of first appointment Age…
WHISTLE BLOWING
WHISTLE BLOWING PROCEDURE Background The National Pension Commission (“the Commission”) as part of its effort to engender transparency, issued guidelines on Whistle Blowing to provide direction on the process by which information that is ultimately…
Benefits of a retirement account
At first guarantee pension limited, when we talk about having in place a retirement plan and how better the future can become, we also show you some of the benefits embedded in it. 1. A…
Nigeria General Economic Report
Q1 2019 REVIEW Introduction The IMF expects the Nigerian economy to grow at 2.0% in 2019 versus the World Bank’s estimate of 2.2%-both estimates are significantly lower than the Government of Nigeria’s budget forecast…
PROMPT PAYMENT OF RETIREMENT BENEFITS FOR EMPLOYEES IN THE PUBLIC SECTOR
One of the objective of PRA 2014 is for PFAs to ensure that every employee receives his/her Retirement Benefits as and when due. In order to achieve the above objective, all employees in the public…
Programmed Withdrawal
Programmed Withdrawal, your peace of mind at retirement…. According to the National Pension Commission that is a major regulator in the Pension industry, at retirement, a retiree has two options; A. Programmed Withdrawal B. Annuity…
Mirco Pension Scheme
The news about the Micro Pension Scheme (MPS) is one that is beautiful to all the stakeholders in the Pension Industry in Nigeria. Prior to this moment, the government has mapped out a plan to…
2018 ACTIVITIES IN THE PENSION INDUSTRY
Expectedly, there were robust activities in the pension industry in 2018 which were as a result of great strides by the National Pension Commission. These activities have direct positive impacts on the industry as well…