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 […]
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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) […]
California pension fund CEO sentenced for bribery
A federal judge Tuesday sentenced the former head of the nation’s largest public pension fund to four and 1/2 years in prison in a case in which the pension fund CEO acknowledged accepting more than $200,000 in bribes and trying to steer investments to help an associate. Senior U.S. District […]
$45.5b pension funds set to play stock market in Aug
As much as 300 billion yuan ($45.5 billion) in pension funds are expected to march into the stock market in August, as China’s huge social security fund is closing up its hiring by June, Securities Daily reported on Wednesday. The National Council for Social Security Fund, the agency that oversees […]
China regulator inspects insurers’ investment risk controls -paper
China’s insurance regulator has launched an inspection of insurers’ risk controls over stock, private equity and real estate investments, the official Shanghai Securities News reported on Wednesday, citing unnamed sources. The move comes as the country’s insurers report strong profits even as wider economic growth stutters and analysts warn of […]
Alleviation of old age Poverty operators perspective presented by Idu Okwuosa
Allivation of • Outline • Introduction • The Contributory Pension Scheme (CPS): the journey so far • Parties to the Scheme: PenCom, PFA, PFC, Employers and Employees • Approaches to Alleviating Old Age Poverty: MPG, Pension for life • Going forward • Conclusion • CPS: Journey so far • PFAs […]
Photos: Faces at the 2015 Business Today Online awards
From left: Dr Mrs Tonia Smart; Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC); Director-General, Mrs Folasade Onanuga, a participant and Chief Executive Officer, Business Today Online, Nkechi Neache at the event. From left: Dr Mrs Tonia Smart; Managing Director, Anchor Insurance Plc, Ademayowa Adeduro; Senior […]
Photos: Faces at the 2015 Business Today Online awards
From left: Managing Director, Anchor Insurance Plc, Ademayowa Adeduro; Director-General, Lagos State Pension Commission (LASPEC) Mrs Folasade Onanuga and Chief Executive Officer, Business Today Online Nkechi Neache at the event. From left: Director-General, Lagos State Pension Commission (LASPEC) Mrs Folasade Onanuga; Head, Corporate Communication, Royal Exchange Plc, Wilson Okoh-Esene and […]
Group Petitions EFCC, Seeks Investigation of “Looted” N200bn Pension Funds
The Civil Society Network Against Corruption, CSNAC, has demanded a comprehensive investigation into allegations of looted pension funds to the tune of N200billion by several certain individuals and organisations. In a petition addressed to the office of the chairman of the Economic and Financial Crimes Commission, EFCC, and supported with […]
FG to relax pension rules to aid investment
Mrs Adeosun Leave a comment and share Chuks Udo Okonta and agency report The Federal Government plans to relax the rules guiding the pension funds to pave way for investments, the Minister of Finance, Mrs Kemi Adeosun, has said. The Minister said this when she appeared before the House of […]
