NAICOM, PenCom pushes more protection for retiree annuitants, group life policy holders
The National Pension Commission (PenCom) is positioning Nigeria’s pension industry for a bigger role in financing long-term economic growth, unveiling plans to deepen institutional participation in the capital market while pursuing reforms aimed at improving retirement outcomes and expanding pension inclusion.
Speak at the third Pension Industry Leadership Council (PILC) meeting held in Abuja on Tuesday, Omolola Oloworaran, director-general of PenCom, said the commission and pension fund operators had agreed to strengthen engagement with capital market stakeholders, reflecting the growing importance of pension assets as a source of long-term domestic capital.
“The pension fund industry probably has the largest pool of passive long-term savings capital in the country. We need to become more engaged in terms of what is happening in the capital market,” Oloworaran said.
Her remarks underscore PenCom’s broader strategy of leveraging the industry’s expanding asset base to support productive investments while safeguarding contributors’ retirement savings through prudent regulation.
