Pension plans accounted for 75 per cent in the growth of responsible investing assets, or $374-billion of the almost $500-billion in new assets under management… Read more: GLOBE AND MAIL
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Japan pension funds denies investment as sop to Trump
By Agence France-Presse Japan’s public pension fund on Thursday denied a report it will invest in US infrastructure as part of Prime Minister Shinzo Abe’s expected offer to President Donald Trump to help boost US employment. Japan Prime Minister Shinzo Abe (L) an US President Donald Trump (R) (MANILA BULLETIN) […]
Apathy Grows As 86.6 Million Nigerians Are Without Insurance
By Bankole Orimisan Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in insurance products, with the sector contributing a meager 0.6 per cent to the nation’s Gross Domestic Product (GDP). Due to the high level […]
Fed Govt remits N13.2b pension contribution
The Federal Government has released N10.3 billion for payment of pension contributions to pensioners, who retired in November and December 2015, The Nation has gathered. The government also released N2.9 billion to be paid to other batches of retirees, bringing the amount released to N13.2 billion. Consequently, the Central Bank […]
Life insurers comply, transfer over N145.05bn annuity fund to PFCs
Leave a comment and share Chuks Udo Okonta Many Life insurance companies have transferred their annuity assets to Pension Fund Custodians (PFCs) in line with directives issued by the National Pension Commission (PenCom) just two days to the deadline, Inspen can report. Our findings revealed that while many have completed […]
Insurer fined Rs 25,000 for rejecting claim
The Hyderabad III District Consumer Redressal Forum has directed a public sector insurance company to release a claim amount of Rs 3 lakh and also pay Rs 25, 000 as compensation to a customer for unjustified rejection of claim. C Sahadeva Rao had a stent implanted in Chennai’s Fortis Malar […]
Targeting UK Mass Affluents with Insurance
PRESS RELEASE The mass affluent population in the UK is growing, meaning the demographic is an opportunity for providers selling personal insurance. Mass affluents are more likely to be male, have higher household incomes, and be married compared to retail customers. The assets of mass affluents are higher value, making […]
A UK insurance firm will compensate people affected by the ‘unprecedented’ Trump travel ban
AXA Insurance UK promised to compensate customers for costs arising from President Donald Trump’s “unprecedented and unforeseen”executive order on Friday banning people from seven majority Muslim countries from travelling to the US. A spokesperson at AXA Insurance UK sent Business Insider the following statement over email: “In light of the […]
Ecobank launches US$500,000 Fintech Challenge for African start-ups and innovators
NEWS RELEASE EcoBank, the leading independent pan-African banking group, has launched Ecobank Fintech Challenge, a competition for African technology start-ups to build and deploy innovative fintech and banking solutions across the continent. Ecobank is currently accepting applications at http://ecobankfintech.com/ from start-ups and developers in all 54 African countries. Twenty finalists […]
Lagos State pays N597m to 148 retirees
From left: Commissioner Establishments, Training and Pensions Lagos State, Dr. Benson Akintola and Director-General Lagos State Pension Commission, Folashade Onanuga at an event in Lagos. Leave a comment and share Chuks Udo Okonta The Lagos state Governor, Akinwunmi Ambode, has continued the payment of retirees’ entitlements by paying another set […]
