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NAICOM, PenCom sign Revised Regulation on Retiree Life Annuity - The Revealer
Insurance

NAICOM, PenCom sign Revised Regulation on Retiree Life Annuity

L-R: Acting Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar and Commissioner for Insurance, National Insurance Commission (NAICOM), Sunday Thomas at the event.

The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) in an epoch-making ceremony today in Abuja, signed off the Revised Regulation on Retiree Life Annuity, the Guidelines on Group Life Insurance Policy for Employees and CPS Retiree Pack.

A statement by the Head, Corporate Communications Department, PenCom, Peter Aghahowa, stated that the event also included the signing of a Memorandum of Understanding between PenCom and NAICOM.

He noted that the revised Regulations and Guidelines provide clarity on the Provisions of the PRA 2014 in areas relating to Retiree Life Annuity with focus on guiding stakeholders to make informed decision, ensure safety of Retiree Life Annuity funds and assets, address concerns of mis-selling and de-marketing by pension and insurance operators as well as bringing stability into the financial sector of the economy.

“Today’s landmark event is the outcome of the collaborative efforts of PenCom and NAICOM,” he said.

Edet Udoh

We are The Revealer, a general online news platform based in Nigeria. Our focus amongst others is to provide credible, factual, well researched and balanced news and articles for our teeming readers in business, governments, politics, engineering, science, religion, technology etc. Edet Udoh is the Managing Editor. He is an experienced media person. He has worked extensively with the Champion Newspapers, The Authority Newspapers and the Blueprint Newspaper before starting Revealer Online News platform in 2018. He can be reached with this email address: edetudoh2003@gmail.com or via these phone numbers 08061246427 and 08170080488

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