File photo: Pension A total of 129,435 pensioners received N1.1tn in lump-sum payments under life annuity in the second quarter of 2024, marking a significant milestone in Nigeria’s pension industry.
This was disclosed by the Chief Executive Officer of the Pension Fund Operators Association of Nigeria, Oguche Agudah, in a presentation during the annual conference of the Pension Correspondents Association of Nigeria held in Abuja on Thursday.
A life annuity is a financial product that provides a guaranteed income stream for life in exchange for a lump sum payment or series of payments, offering predictable income, reduced risk of outliving assets, […]
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