Despite the market turmoil of 2015 arising from the global effect of the melt down in China and the oil glut, pension funds in Nigeria were able to finish the year with strong returns. QFAnalytics analyzed data drawn from a number of pension fund management and administration sources for the […]
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Ontario pushes ahead with new government pension plan
Ontario, Canada’s most populous province, said on Tuesday it will push ahead with the launch of a new government pension plan rather than counting on an expansion of the country’s existing federal plan.The Ontario Retirement Pension Plan (ORPP) is set to be introduced in 2017 and is designed to benefit […]
Pension cash spending choices revealed
By Kevin Peachey Personal finance reporter People raiding some or all of their pension pot under reforms introduced in April were most likely to spend it on home improvements. Doing up the house was more popular than big one-off spending on holidays or cars, research has suggested. Overall, those aged […]
Nigeria’s Economic Growth hinges on Insurance Development -Okunoren
“Strategies for reviving Nigeria’s economy would achieve desired result if greater premium is placed on the insurance industry’s growth by government.” This assertion was made by the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Kayode Okunoren at the Council’s Secretariat in Lagos. According to him, aside from […]
AIG restructures but rejects Icahn breakup
Reuters American International Group said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn. The insurer also said on Tuesday it would cut $1.6 billion of costs […]
Spain Court Finds Captain, British Insurer Liable For Prestige Oil Spill
Reversing an earlier court decision acquitting the captain Apostolos Mangouras, it sentenced him to two years in prison. (Representational Image) Madrid, Spain: Spain’s Supreme Court said today it had found the captain, the British insurer and the owner of the Prestige tanker that sank in 2002 liable for a devastating […]
Brokers decry inadequate insurance input in govt policies
Leave a comment Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has called on the Federal, State and Local Governments to solicit insurance input in their policies to forestall financial wastages. Its President Kayode Okunoren, who disclosed this in Lagos, said governments often bundle themselves with financial […]
One in five home insurance claims rejected
By Kevin Peachey Personal finance reporter More than one in five home insurance claims is unsuccessful owing, in part, to the complexity of policies. Confusion about what is covered by insurance policies is one of the reasons that policyholders fail to receive a payout. Wear and tear, as well as […]
NAICOM may reinstate 108 lapsed brokers’ licences
ZAKA KHALIQ (NEWSWATCH TIMES NEWSPAPER) The National Insurance Commission (NAICOM) may reinstate the lapsed licences of 108 insurance broking firms who were delisted in December 2015, Newswatch Times can reveal. Newswatch Times learnt that the regulator, after it listened to the plea of the broking fraternity, decided to temper justice […]
Workers panic as states shun Contributory Pension Scheme
Civil servants across many states of the federation are concerned for their lives after retirement as many state governments have stopped contributing towards their pension, IFE ADEDAPO writes The implementation of the Pension Reform Act, 2014 may have come to a dead end as some state governments and workers have […]
