Life insurance firms providing Retiree Life Annuity under the Contributory Pension Scheme (CPS) received N32 billion premium in the third quarter of last year from Pension Fund Administrators (PFAs) to provide life annuity. The premium was approved by the National Pension Commission (PenCom), according to the pension industry regulator’s Quarterly Summary Report. This followed the choice of 4,294 retirees to …