Mrs Chinelo Anohu-Amazu Director-General, National Pension Commission,(PenCom), Mrs Chinelo Anohu-Amazu has revealed that Nigeria’s pension funds now stand at about N5.4 trillion with approximately seven million contributors. Anohu-Amazu said this while speaking on the Role of Regulators in Deepening Capital Market at the 2016 Business Day Capital Market Conference in […]
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Liberty Holdings eyes First Mutual
By Chris Muronzi South Africa’s Liberty Holdings Limited is interested in acquiring First Mutual Holdings Limited South African financial services group Liberty Holdings Limited is eyeing growth in the Zimbabwean market amid indications this week that the company is interested in acquiring a controlling equity stake in First Mutual Holdings […]
UK to Have $2.9 Bln More to Spend on Farming, Insurance Outside EU
The United Kingdom could free up some 2 billion pounds ($2.9 billion) to spend on insurance and farming if it exited the European Union and was left to decide on its own environmental policy, UK Farming Minister George Eustice said. MOSCOW (Sputnik) — According to Eustice, 2 billion pounds would […]
CIIN holds fitness walk/roadshow tomorrow
Leave a comment and share Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) will hold its annual Fitness Walk on Saturday, June 4, 2016 in Lagos. The walk which has become an annual event boasts of vast opportunities for Insurance awareness hence it has also been tagged the […]
PENSION TENSION IN THE FOSSIL FUEL INDUSTRY
BY TOBY A.A. HEAPS The global transition to clean energy has caught pension fund managers flat-footed, costing millions of pension holders hundreds of billions of dollars. Subscribe now – Free phone/tablet charger worth over $60 Coal, which accounts for over 40 percent of global greenhouse gas emissions, is being pushed […]
Ministry of Finance clarifies law on taxation of pensions
The Ministry of Finance has clarified its stance on the issue of taxation of pensions in the country. According to the ministry, an earlier explanation made by the Minister of Finance, Mr. Seth Terkper on the Income Tax Act, 2015 (Act 896) at a forum on Tuesday has been misconstrued. […]
Drivers ‘confused’ by insurers’ calculations of premiums
Drivers are baffled by calculations to determine their insurance premiums, research suggests The way motor insurance companies calculate premiums is a mystery for the majority of drivers, according to a new study. Some 51% do not understand what factors are taken into consideration for working out policy prices, the poll […]
PenCom boss tasks pension fund operators on product diversification
Mrs Chinelo Anohu-Amazu Mrs Chinelo Anohu-Amazu, Director-General, National Pension Commission,(PenCom) has charged operators of pension fund to derive ways of developing products that they invested in the country. Anohu-Amazu said this while speaking on the Role of Regulators in Deepening Capital Market at the 2016 Business Day Capital Market Conference […]
Insurance rates going up: New concerns for Obamacare
By Ricardo Alonso-Zaldivar WASHINGTON (AP) — Fresh problems for “Obamacare”: The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearly 60 percent, a new sign that President Barack Obama’s overhaul hasn’t solved the problem of price spikes. Texas isn’t alone. Citing […]
Lagos pays N1.002bn to 275 retirees
Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State government has issued Retirement Benefit Bond Certificates to the tune of N1.002, 856 billion to another set of 275 retirees from the Mainstream, Local Government, SUBEB, TEPO and Parastatals of Government, under the Contributory Pension Scheme (CPS) […]
