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Pension

Transfer Window: PenCom’s laxity stalls contributors’ hope

Aisha Dahir-Umar By Sunday Ojeme The expectation by pension contributors under the Contributory Pension Scheme (CPS) to switch from their original Pension Fund Administrators (PFAs) to another of their choice has been stalled due to the current management of National Pension Commission’s (PenCom) inability to deal with the situation. New […]

Insurance

CSR: Wapic Insurance tackles road accidents with ‘Safety-on-Wheels’ Campaign

From left: Patrick Osadebe, head, retail sales and distribution, Wapic Insurance Plc; Aina Akintunde, general manager; Femi Obaleke, executive director; Yinka Adekoya, MD/CEO, and Bode Ojeniyi, executive director, ​at​ a press conference ​kick-starting ​the Wapic ​’​Safety-on Wheels​’​ init​iative ​ in Lagos. Leave a comment and share Chuks Udo Okonta Worried […]

Pension

Lagos State equips workers for better life in retirement

Lagos workers during a pre-retirement seminar Lagos State Governor, Akinwunmi Ambode has said that the State is helping retirees and pensioners to manage their transition from active service to retirement. Ambode, represented by Commissioner, Lagos State Ministry of Establishments, Training and Pensions, Dr. Akintola Benson spoke at the opening session […]

Insurance

Insurers ‘risk breaking racism laws’

Former Chair of the Equality and Human Rights Commission, Trevor Phillips By Harry Kretchmer BBC Radio 4, You and Yours Insurers risk being found guilty of “racial discrimination,” a leading equality campaigner has claimed, following a BBC investigation. The Former Chair of the Equality and Human Rights Commission, Trevor Phillips, […]

Pension

Declining Activities at PenCom

Aisha Dahir-Umar Ebere Nwoji reports that the lull in activities at PenCom, especially those aimed at educating Nigerians on the Contributory Pension Scheme, is a major source of worry for pension industry stakeholders The National Pension Commission (PenCom) was established at a time Nigerians were helpless about pension fund management. […]

Pension

PFAs inject N5.29trn in FG securities

Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N5.29 trillion out of the N7.52 trillion pension assets in Federal Government’s securities, as at the end of December 2017, the National Pension Commission (PenCom), has said. There was a drop, as N6.28 trillion out of the […]

Pension

PenCom wobbles with micro pension initiative

Leave a comment and share Chuks Udo Okonta In spite huge funds expended on the micro pension initiative by the National Pension Commission (PenCom), there are indictions that the scheme which was conceived to capture about 250,000 workers from the informal sector, has ran into boisterous storm. A statement by […]

Insurance

Kagame challenges Africa insurance sector players on innovation

President Kagame in a group photo with some of the delegates attending the 42nd General Assembly of the Federation of African National Insurance Companies in Kigali yesterday. / Village Urugwiro. President Paul Kagame has challenged African insurance sector players to be more innovative to increase penetration and profitability levels. President […]