PITAD targets N25 billion legacy refunds from insurance companies

PITAD targets N25 billion legacy refunds from insurance companies

The Pension Transitional Arrangement Directorate (PTAD) a body responsible for pension administration of the Defined Benefit Scheme (DBS) is targeting an estimated N25 billion in refunds from insurance companies managing legacy funds. The directorate had in compliance to the Pension Reform Act 2014 issued demand notices to 15 insurance companies managing legacy funds of ministries,…

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