Union bank of Nigeria Plc has continued the transfer of legacy pension for post 2005 pensioners to their Pension Fund Administrators in line with the Pension Reform Act, 2004. A statement by the bank on Friday said the PFAs would consequently take full responsibility for pension payments for the affected […]
Tag: Pension Fund Administrators
18 PFAs cleared recapitalisation hurdle, two failed -PenCom
The National Pension Commission on Monday released the report of its recapitalisation exercise, saying 18 Pension Fund Administrators met the recapitalisation target, three were acquired, while two failed to raise the minimum capital of N1bn. The commission had mandated all pension fund managers to shore up their capital base from […]
