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Insurers play cautious on intake of new annuities as risks become weighty

…PenCom, NAICOM review regulations to protect subscribers …as insurers receive N353.69bn from CPS annuity

Insurance companies involved in managing annuity policies as provided in the Pension Reform Act 2004, as amended in 2014, are playing cautious on intake of new businesses as a result of rising risk profile. BusinessDay findings show that the cautious game is coming on the heels of increasing lifespan of subscribers, falling returns on investment…

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