Married partners, who have Retirement Savings Accounts with Pension Fund Administrators, will be allowed to use their savings to apply for joint mortgage loans under the Contributory Pension Scheme
Nigeria Bureau of Statistics (NBS) yesterday said that the nation’s pension fund assets grew by N351 billion to N7.5 trillion in the fourth quarter of 2017 (Q4 2017) The Bureau disclosed this in its Pension Asset and Membership Data report for the fourth quarter of 2017
Out of the total N7.52tn pension assets as of December 31, 2017, about N5.29tn, representing 70 per cent of the entire fund, was invested in Federal Government securities by Pension Fund Administrators
Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC (“Stanbic IBTC”). Although the matter is in court, we are constrained to respond to certain aspects of the report for the benefit of our stakeholders and the general public.
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