Pension operators expand enlightenment for contributors, retirees

Driven by the need to educate, inform, and enlighten various stakeholders, the pension industry has embarked on a radio program that seeks to shed light on various aspects of the pension industry in Nigeria.

The Nigerian pension industry operates under a Contributory Pension Scheme (CPS), which started through the enactment of an act of parliament, 20 years ago, and the scheme has grown tremendously over the years, but a number of people still do not understand some aspects of this scheme. Therefore, the pension industry has put together a series of interviews to shed more light on these issues.

The interviews are structured as conversations between a number of the CEOs and CIOs of pension funds within the industry, and these interviews delve into so many issues and topics.

The interviews will be covering things like, “How are your pensions invested”; “What is the history of the CPS in Nigeria”; “How do you access your benefits”; “Pension funds and SMEs”; “Pensions and technology”; “Understanding voluntary contributions”; “Micro pensions”; “The closed pension fund administrators”; “Multi-fund structure of the Nigerian pension industry”; “Safe custody of pension funds.” Amongst others

These interviews will be aired on the radio every week for the next 10 weeks and it will be aired on Nigerian Info Lagos and Abuja. In Lagos, it airs at 6:30 am every Saturday and in Abuja, it airs at 7:30 am every Monday which began on April 27, 2024.

Speaking on this development, Oguche Agudah, chief executive officer of PenOp, said ‘‘we felt that these interviews and conversations were necessary in order to bridge the gap between the knowledge of various stakeholders and the pension industry.”