PenCom dissociates self from ASSOPEP

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By Favour Nnabugwu

The National Pension Commission (PenCom) has denied knowledge of the illicit activities of Association of Pension Desk Practitioners of Nigeria (ASSOPEP).

PenCom in a statement said it has particularly noted ASSOPEP’s claims of resolving pension issues and assisting retirees in securing their retirement benefits.

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 authorisation of any kind whatsoever from PenCom, it submitted.

PenCom noted that 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, urged 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 strongly advised 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 noted that it has, in the meantime reported the activities of ASSOPEP to law enforcement agencies for appropriate action.

The activity of the Association of Pension Desk Practitioners of Nigeria, started on November 8, 2016 with its annual conference held in Abuja with theme The New Pension Act 2014- The Implementation Hurdles for Nigerian Employees. Since then the ASSOPEP holds its annual conference in Abuja in November every year.

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