ARTICLE
Posted on 02 Feb 07 Understanding Pension Fund Investment Guidelines
Find out the Guidelines PFAs must work within while investing and growing your Funds.
The principles underlying the guidelines seek to ensure a broad asset allocation, diversification within asset classes, risk management and mitigation, liquidity, and competitive investment returns. These principles will ensure that contributions made under the Act are invested properly, and that such funds are protected from market distress.
INDUSTRY NEWS
Posted on 02 Feb 07 Increase in Pension Contributions for Federal Public Servants During the month, the Federal Government also announced an increase in the emoluments of Federal public servants. With this increase the corresponding contributions into employees’RSAs will increase, potentially increasing their retirement benefits into the future. In line with prevailing public service rules, the retirement benefits of existing pensioners will increase accordingly with the current remuneration of serving public servants.
Update of NSITF Membership Records
In compliance with the Pension Reform Act 2004,every contributor to the NSITF scheme is hereby advised to update his/her records for the subsequent transfer of the accumulated contributions to their respective Retirement Savings Accounts, Click to download form.
You can also walk into any branch of Stanbic IBTC Bank to speak to a representative, pick up a form and / or get advice.
In compliance with the Pension Reform Act 2004, contributors to the Nigeria Social Insurance Trustfund (NSITF) Scheme are advised to submit their updated records for the subsequent transfer of the accumulated NSITF contributions to their respective Retirement Savings Accounts(PFA).
