PTAD Issues AIICO Certificate of Non-Indebtedness
The Pension Transitional Arrangement Directorate (PTAD), has issued a Certificate of Non-Indebtedness to AIICO Insurance Plc, a move that puts the Underwriter in the clear of any claim of non-remittance of pension assets.
This was affirmed on Wednesday, May 26, 2021 at a meeting held to formally hand over redeemed properties ceded by the Company in 2017 in lieu of Legacy Funds and Assets to PTAD. This process is subsequent upon confirmation of receipt of the full payment from AIICO and completing all reconciliation activities. Read more