• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Wednesday, October 4, 2023
  • Login
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

PenCom Hinges Success Of Equity Contribution Mortgage On Integrity, Background Checks

Nwanne Ikemefune by Nwanne Ikemefune
December 14, 2022
in Pension
0 0
0
PenCom Trigger Lifts Transfer System Off The Starting Block With Split Responsibilities
0
SHARES
16
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The National Pension Commission has pushing for the success of the equity contribution mortgage that provides housing for first time owners following the approval of 34 mortgage banks by the Central Bank of Nigeria, however, PenCom realises that its eagle eye sign in is not enough without same level of commitment from other parties.

Expecting the same dimension of thorough and unhinged involvement, PenCom is imploring all parties to the deal to ensure due diligence checks to preserve the integrity of the process.

The views of the Commission were contained in the “Highlights of Guidelines on Accessing RSA Balance Towards Payments of Equity Contribution for Residential Mortgage by RSA Holders” presented by Ibrahim Kangiwa, Head, Investments at a media parley hosted by Pension Operators of Nigeria (PenOp) last weekend in Lagos.

Kangiwa said the objective is to provide housing for first time home owners and improve the standard of living of RSA holders under the CPS by facilitating their ownership of residential homes during their working life. The guidelines took its bearing from section 89 (2) of the Pension Reform Act (PRA) 2014 which allows RSA holders to apply a percentage of their Retirement Savings Account (RSA) balances as equity contribution for contribution for residential mortgage subject guidelines issued by the Commission

Reiterating PenCom stand for the success of the equity contribution of 25% of RSA balance for first time house owners he was unambiguous, “Stakeholders must work together to ensure effective implementation of the guidelines.”

On a flip back on the history of the journey to the release of the guidelines, Kangiwa said it started over eight years ago before the passage of Pension Reform Act (PRA) 2014 and the Commission had explored a number of options that would enable it deliver ‘measurable impact in the economy, especially focusing on infrastructure and housing.

For the employers, he emphasised they should ensure that contributions are deducted and remitted on time as required by law.

PenCom is confident that the equity contribution housing deal which is set to flag off following the release of approved mortgage firms to the Commission by the CBN is the rail road that would unleash housing incentives that would encourage people to voluntarily register for the CPS or the micro pension scheme.

Previous Post

2023: PenCom, Pension Operators Canvass For Voluntary Consolidation And Strong Informal Sector

Next Post

Allianz Global Identifies Cyber & ESG Related Risks As Key Trends For 2023

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Image Spin: Insurance, Pension & Stakeholders Bare Minds At NAIPE 8th Confab
Insurance

Finance Expert Urges Govt To Position Pension & Insurance Sectors For Economic Development With Conducive Policies

September 18, 2023
NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare
Pension

NLC, Pensioners Surround FG With Persisting Retirees Hiccups Want Integrated Improved Welfare

September 11, 2023
Customer Protection, PenCom Assigns RSA Holders, Retirees As Steering Head
Pension

Customer Protection, PenCom Assigns RSA Holders, Retirees As Steering Head

August 4, 2023
Next Post
Risk Specialists Advice Business Leaders To Prepare For Rise In Civil Unrest

Allianz Global Identifies Cyber & ESG Related Risks As Key Trends For 2023

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

September 23, 2023
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

June 7, 2023
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Seeks NSE’s Nod To Conduct  Rights Issue

AIICO Seeks NSE’s Nod To Conduct Rights Issue

0
Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

0
Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

October 4, 2023
WHO Announces Approval Of New Malaria Vaccine

WHO Announces Approval Of New Malaria Vaccine

October 2, 2023
Leadway Assurance Leads With ISO/IEC Re-certification

Leadway Assurance Distributes B2B Travel Insurance In Nigeria In Partnership With Tune Protect EMEIA

October 1, 2023
AIICO Knocks Down Insurance Barriers With Its Spiraling Digital Masterpiece

AIICO Knocks Down Insurance Barriers With Its Spiraling Digital Masterpiece

October 1, 2023
AIICO Head office

AIICO Holds Three Dimensional Training: Insurtech, IFRS 17 & MI For NAIPE Corps

September 27, 2023
Dangling Claims Severity And Inflation Pose Global Insurer Cost Challenges- AGCS

Regulator Bidding, Insurance Companies USSD Make Motor Claim A Quick Fix

September 26, 2023
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

NAICOM Unlocks Insurance Operations With Open Cast Risk Based System

September 26, 2023
Emir Of Kano Leads Insurance Penetration Urges Nigerians To Embrace

Emir Of Kano Leads Insurance Penetration Urges Nigerians To Embrace

September 19, 2023
Heirs Insurance Group Wins Outstanding Insurance Group of The Year

Heirs Insurance Group Wins Outstanding Insurance Group of The Year

September 19, 2023
Nasarawa Governor Makes Insurance Penetration Easy With Testimony That Insurance Works

Nasarawa Governor Makes Insurance Penetration Easy With Testimony That Insurance Works

September 18, 2023
ADVERTISEMENT

Recent News

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

October 4, 2023
WHO Announces Approval Of New Malaria Vaccine

WHO Announces Approval Of New Malaria Vaccine

October 2, 2023
Leadway Assurance Leads With ISO/IEC Re-certification

Leadway Assurance Distributes B2B Travel Insurance In Nigeria In Partnership With Tune Protect EMEIA

October 1, 2023
AIICO Knocks Down Insurance Barriers With Its Spiraling Digital Masterpiece

AIICO Knocks Down Insurance Barriers With Its Spiraling Digital Masterpiece

October 1, 2023
AIICO Head office

AIICO Holds Three Dimensional Training: Insurtech, IFRS 17 & MI For NAIPE Corps

September 27, 2023
Dangling Claims Severity And Inflation Pose Global Insurer Cost Challenges- AGCS

Regulator Bidding, Insurance Companies USSD Make Motor Claim A Quick Fix

September 26, 2023
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

NAICOM Unlocks Insurance Operations With Open Cast Risk Based System

September 26, 2023
Emir Of Kano Leads Insurance Penetration Urges Nigerians To Embrace

Emir Of Kano Leads Insurance Penetration Urges Nigerians To Embrace

September 19, 2023
Heirs Insurance Group Wins Outstanding Insurance Group of The Year

Heirs Insurance Group Wins Outstanding Insurance Group of The Year

September 19, 2023
Nasarawa Governor Makes Insurance Penetration Easy With Testimony That Insurance Works

Nasarawa Governor Makes Insurance Penetration Easy With Testimony That Insurance Works

September 18, 2023
Image Spin: Insurance, Pension & Stakeholders Bare Minds At NAIPE 8th Confab

Finance Expert Urges Govt To Position Pension & Insurance Sectors For Economic Development With Conducive Policies

September 18, 2023
Benchmark Award: AIICO Receives The Baton Of Insurance Company of the Decade

Benchmark Award: AIICO Receives The Baton Of Insurance Company of the Decade

September 18, 2023
First Less Than An Hour Motor Claim Pay By Sanlam Nigeria Dazzles Customer

First Less Than An Hour Motor Claim Pay By Sanlam Nigeria Dazzles Customer

September 18, 2023
Recyclers Association New Leadership Sets To Birth The Ideal Of Plastic Free Community

Recyclers Association New Leadership Sets To Birth The Ideal Of Plastic Free Community

September 14, 2023
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

Image Spin: Launch Of Sanlam Nigeria ‘Family Love’ And ‘Code Of Confidence’ The Traction Code

October 4, 2023
WHO Announces Approval Of New Malaria Vaccine

WHO Announces Approval Of New Malaria Vaccine

October 2, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In