Echotitbits – Nigeria News

Tag: PenCom

  • PenCom extends pension-operator recapitalisation deadline to June 2027

    PenCom extends pension-operator recapitalisation deadline to June 2027

    Photo Credit: Punch / File
    2025-12-19 14:00:00

    The Punch reports that PenCom has extended the timeline for pension operators (PFAs and PFCs) to meet revised minimum capital requirements, moving the compliance deadline further out.

    The extension is positioned as giving operators time to align with stricter capital rules intended to strengthen stability and protect contributors’ assets.

    Verification: Nairametrics reported the revised deadline is 30 June 2027, and PenCom’s circular sets out the revised regulatory capital requirement framework.

    Quotes: Nairametrics: “deadline is now set for 30 June 2027…” PenCom circular: “minimum capital requirement…”

    Analysis/Echotitbits take: Recapitalisation will likely trigger consolidation. Watch for M&A activity, enforcement consistency, and whether PenCom balances market discipline with systemic stability.

    Source: The Punch — 2025-12-19 — https://punchng.com/pencom-shifts-pension-recapitalisation-deadline-to-june-2027/

    The Punch 2025-12-19

  • PenCom: ₦577bn Now Credited to Retirees and Contributors After FG Clears Pension Liabilities

    PenCom: ₦577bn Now Credited to Retirees and Contributors After FG Clears Pension Liabilities

    Photo Credit : THE NATION

    2025-12-17

    Speaking at a pension reform scorecard event, PenCom’s DG Omolola Oloworaran says about ₦577 billion has been credited to retirees and contributors after the Federal Government released funds to address legacy pension liabilities, *The Nation* reports.

    The breakdown includes payouts tied to pension increases, accrued rights, and contribution shortfalls—an intervention designed to reduce long-standing backlogs and improve confidence in the contributory pension framework.

    For retirees, the practical impact is immediate: arrears paid, monthly payments boosted, and fewer delays—though questions remain about sustainability and future funding discipline.

    Other reporting on the same development includes:
    – TheCable: “In total, ₦577.5bn has already hit the RSAs of retirees and contributors, impacting over 1.05 million accounts.”
    – BusinessDay: “Stakeholders say clearing liabilities is key to restoring trust in the pension system.”

    Analysis/Echotitbits take: This is a rare “delivery” moment in public finance, but it also sets a standard. Watch whether contribution remittances stay current (especially MDAs), and whether PenCom’s enforcement tools meaningfully reduce future pension arrears.

     

     

  • PenCom flags low funding for personal pension plans, urges stronger contributions

    PenCom flags low funding for personal pension plans, urges stronger contributions

    2025-12-15 08:00:00

    According to The Punch, the National Pension Commission (PenCom) expressed concern that personal pension plan (PPP) accounts are poorly funded, citing low contribution levels relative to account openings.

    Punch reports the commission said the funding gap could weaken retirement outcomes and called for improved contributor discipline and broader pension awareness, especially for informal-sector participants.

    The report adds that stronger compliance and product design could help scale voluntary pension savings and reduce old-age financial vulnerability.

    Analysis/Echotitbits take: Voluntary pension uptake is a key lever for Nigeria’s informal economy, but sustainability depends on regular contributions and trust. Watch for PenCom’s enforcement stance, incentives for contributors, and partnerships that make micro-savings easier.

    Source: The Punch — December 9, 2025

    The Punch https://punchng.com/unfunded-personal-pension-plans-worry-pencom/ December 9, 2025