PenCom denies affiliation with pension desk practitioners

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Abuja, April 7, 2023 -The National Pension Commission (PenCom) has denied any affiliation with the Association of Pension Desk Practitioners of Nigeria (ASSOPEP).

It said that it had not given any authorisation to the association to operate in the pension industry.

PenCom said on Friday that its attention had been drawn to “the illicit activities of the Association of Pension Desk Practitioners of Nigeria (ASSOPEP)”.

 “The general public is kindly requested to note that the claims by ASSOPEP are entirely false as the Association has no affiliation with the pension industry nor authorization from PenCom.

 “Moreover, Licensed Pension Fund Operators (LPFOs), who are statutorily mandated to undertake the processing and payment of retirement benefits, are not associated with ASSOPEP in any way.

“PenCom, therefore, urges the general public to be cautious of any promise or claim made by ASSOPEP regarding pension and retirement benefits or any other matter relating to the pension industry in Nigeria.

“The Commission, especially strongly advises workers, retirees, pension desk officers and everyone approached by the Association with claims of consulting with their Pension Fund Administrators (PFAs) and PenCom for guidance and assistance in respect of their retirement benefits to exercise caution as any interaction with the Association is at the individual’s own risk.

“PenCom, has in the meantime, reported the activities of ASSOPEP to law enforcement agencies for appropriate action.” it said. (GBN)

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