Home Business PenCom dissociates self from operations of ASSOPEP

PenCom dissociates self from operations of ASSOPEP

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The National Pension Commission (PenCom) says the Association of Pension Desk Practitioners of Nigeria (ASSOPEP) has no affiliation with the pension industry and has no authorization of any kind from the commission to engage in pension transactions.

The management in a statement made available to the media said 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 further stated that it has particularly noted ASSOPEP’s claims of resolving pension issues and assisting retirees in securing their retirement benefits are entirely false.

The Commission, therefore, urged the general public to be cautious of any promise or claim made by ASSOPEP regarding any matter relating to the pension industry in Nigeria.

It also 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 said it has however, reported the activities of ASSOPEP to law.

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