87 results found

President Goodluck Jonathan today signed the 2014 Pension Reform Bill into law replacing the old pension law which has been in operation since 2004.

The obligation to account for taxes due on withdrawal of voluntary pension contributions (VPC) was made clearer in the judgement delivered yesterday by the Tax Appeal Tribunal (TAT)

The Senate has passed a new Pension Reform Bill which seeks to replace the existing Pension Reform Act 2004.

The National Pensions Commission (PenCom) has announced the commencement of transfer of Retirement Savings Accounts (RSA) between Pension Fund Administrators (PFAs).

We have obtained a copy of the new Pension Reform Act as signed by President Goodluck Jonathan.

The notice states that only Pension Clearance Certificate (PCC) issued by PenCom will serve as proof of compliance with the provisions of PRA 2014.

The uncertainty regarding the commencement date of the new pension law signed by President Goodluck Jonathan has now been laid to rest with the gazetting of the law.

Here is the concluding part of my article in today's BusinessDay and other newspapers.

The public notices are meant to serve as a reminder to the earlier issued guidelines for life insurance policy by PenCom.

The Lagos State Internal Revenue Service (LIRS) has issued a public notice (the Notice) with respect to the exemption of compensation for loss of employment.

The National Pension Commission (PENCOM) on 16 November 2017 issued a Circular to all Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) ...

In a bid to strengthen the post-retirement financial capability of all working Nigerians (across all sectors of the economy), the National Pension Commission (PenCom) ...

Nigeria's pension industry faces a transformative period as the National Pension Commission introduces revised minimum capital requirements for Pension Fund Administrators and Pension Fund Custodians, with a compliance deadline of 30 June 2027. This regulatory shift will compel operators and their shareholders to fundamentally reassess their capital positions, funding capabilities, and strategic direction for the future.

The Pension Reform Act 2014 ("PRA" or "the Act") and the repealed Pension Reform Act 2004 played a great role in ensuring employers and the employees in Nigeria save for employees' retirement.

Labour is often deemed as the engine that drives the production wheel of a business organisation. In Nigeria, where a diverse and dynamic workforce propels various sectors...

On 18 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution

Decades of breath-taking technological evolutions have produced complex structures that have transformed/disrupted the world of work.