SIR: We, the aggrieved pensioners of Union Bank of Nigeria Plc nationwide (pensioners from 2006 to 2014) have been maltreated, pauperized, traumatized, tortured, tormented and completely dehumanized by the recalcitrant posture of Union Bank and PENCOM. Some have been sent to their early graves. For almost four years, Union Bank […]
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How to save up for retirement
Saving for retirement is important but how you go about it is a challenge. There are so many products and it’s not so easy to decide between them. In this article, I will be looking at three of the products that you can use to save for your retirement namely […]
An eye witness report on Hajj stampede
Leave a comment Chuks Udo Okonta This report was written on the Facebook page of a Nigerian currently attending the Hajj in Saudi where about 717 muslim faithfuls were killed yesterday in a stampede. A few steps to d gate, noticed the Saudi police trying to close d gate. Doubled […]
The growing role of the insurance compliance officer
The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in the last few years according to a white paper by Ethical Corporation, a global business publication. The paper notes that whereas the typical job of the compliance […]
How the world’s big pension funds view China
Hot money may be flowing out of China’s markets amid a persistent economic slowdown, but slower-moving institutional money is taking a longer view. “China is absolutely critical in anyone’s portfolio,” Adrian Orr, chief executive of the New Zealand Superannuation Fund, a pension fund with around $29.5 billion in assets, told […]
Insurance woes persist as Obamacare enters year three
Just a few weeks before the third Obamacare enrollment season begins, researchers are pointing out that millions of people are still uninsured, despite the law, and that there are real hurdles to convincing people to sign up. The first two enrollment seasons made a sizable dent in the U.S. uninsured […]
Pension: Your contributions not enough guarantee for mortgage
Leave a comment Chuks Udo Okonta Retirement Savings Account (RSA) holders who believed the proposed mortgage finance by the National Pension Commission (PenCom) is a panacea to their quest for befitting homes, should be ready for surprises as an operator has said that just having a contribution is not a […]
UK Employer pension contributions collapse by 48% in a year
Fears have been raised that employers are slashing the amount they pay into workers’ pensions in an attempt to save money, after official figures revealed a near-50% collapse in contribution rates in 12 months. The Guardian reported that the average amount being paid into private-sector defined contribution (also known as […]
Olu Falae freed
The former Secretary to the Government of the Federation, Olu Falae, has been rescued from his captors four days after he was kidnapped at his farm in Akure. Premium Times reported that the Ondo State Police Public Relations Officer, Wole Ogodo, who confirmed his release on Thursday, however declined to […]
Hoodlums attack Saraki, disrupt Eid el-Kabir prayers in Ilorin
Hoodlums who disguised as worshippers on Thursday disrupted the Eid el-kabir prayers in Ilorin and attacked Senate President, Sen. Bukola Saraki, with stones and sachet water, the News Agency of Nigeria reports. The situation also prevented the Chief Imam from delivering his annual sermon just as the emir also abandoned […]
