LASPEC boss flays cold war between PFAs, life insurers

Mrs Onanuga unveiling NAIPCO Journal Leave a comment and share Chuks Udo Okonta The Director-General, Lagos State Pension Commission, (LASPEC) Mrs Folashade Onanuga, has called on Pension Fund Administrators (PFAs) and life insurers to work together to build a virile pension industry rather than fighting one another in a bid to retain market dominance. Onanuga, […]

BOOSTING CUSTOMER SERVICE RELATIONS BETWEEN INSURANCE & PENSION OPERATORS BY MRS. FOLASHADE ONANUGA B.A. (HONS), FCII, FCIS, DIRECTOR GENERAL, LAGOS STATE PENSION COMMISSION

BOOSTING CUSTOMER SERVICE RELATIONS BETWEEN INSURANCE & PENSION OPERATORS BY MRS. FOLASHADE ONANUGA B.A. (HONS), FCII, FCIS, DIRECTOR GENERAL, LAGOS STATE PENSION COMMISSION 1 •There are two types of products that are consumed by individuals – tangible and intangible products and both insurance and pension are intangibles. •Whilst tangible products can be seen, touched and […]

Top PFAs on RSA registration

Leave a comment and share Chuks Udo Okonta The Pension industry has continued to gain popularity as Pension Fund Administrators (PFAs) received more Retirement Saving Account (RSA) holders. According to information obtained by Inspenonline, Stanbic IBTC Pension Managers Limited, as at the end of the second quarter 2017, retained its leadership position in the industry […]

Allianz joins top 50 most valuable global brands

· Allianz climbs for seventh year running to 49th place in Interbrand’s Best Global Brands ranking · Six per cent increase of brand value in 2017 versus 2016 · Allianz brand value now stands at USD 10.06bn Johannesburg, October 5, 2017 – For the seventh consecutive year, Allianz has climbed the Interbrand ranking of the […]

Stanbic IBTC Pension engages employers over better life for retirees

” Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited, the leading Pension Fund Administrator (PFA) in Nigeria, has organised the fifth edition of its 2017 employers’ forum, entitled Partnering to Deliver Excellent Pension Administration Services, in Ibadan the capital of Oyo State. At the session, which held yesterday, the PFA […]

Amending PRA 2014 ‘ll scare foreign investors – PenCom

From left: Acting Director General National Pension Commission, Mrs. Aisha Dahir-Umar and Director Corporate Service Department, Pension Transitional Arrangement Directorate, Sulayman Shelleng at the event. Leave a comment and share Chuks Udo Okonta The exemption of some agencies of Government would result in loss of confidence in the pension reform and other reform initiatives of […]

Lagos State pays accrued pension rights of N711m

Benson Leave a comment and share Chuks Udo Okonta The Governor of Lagos State, Akinwunmi Ambode, has once again fulfilled his pledge to make life better for retirees, as another batch of 287 retirees under the Contributory Pension Scheme (CPS) received into their Retirement Savings Accounts (RSA) accrued pension rights of N711 million for the […]

Exit of paramilitary from CPS threat to over N5.31trn invested in FG securities

From left: Acting Director General National Pension Commission, Mrs. Aisha Dahir-Umar and Director Corporate Service Department, Pension Transitional Arrangement Directorate, Sulayman Shelleng at the event. Leave a comment and share Chuks Udo Okonta Exempting some government agencies would lead to divestment from the over N5.31 trillion invested in Federal Government of Nigeria (FGN) securities before […]

CBN, NLC, Police, others oppose exemption of paramilitary from CPS

From left: Chief Whip of the House of Representatives, Alhassan Ado Doguwa and Chairman House Committee on Pension, Honourable Hassan Adamu Shekrau at the event today in Abuja. Leave a comment and share Chuks Udo Okonta The Nigerian Police Force (NPF); Nigeria Labour Congress (NLC); Central Bank of Nigeria (CBN) and many other organisations have […]

PFAs invest N5.31trn in FG securities

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) as at May this year have invested N5.31 trillion out of the N6.73 trillion pension assets in Federal Government’s securities, the National Pension Commission (PenCom) has said. Data obtained from PenCom stated that 73.63 per cent of the total funds had been invested […]
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