Longe Leave a comment and share Chuks Udo Okonta 20 months after the Pension Reform Act (PRA) 2014 was signed into law, the federal and state governments have refused to embrace the 18 per cent pension contributions for their workers. Inspen gathered that the federal government and few states that […]
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Pension fund regulator to train 75,000 people to implement NPS
Presently, NPS has more than 1.14 crore subscribers with total Asset Under Management (AUM) of more than Rs 1.09 lakh crore. Pension fund regulator PFRDA proposes to train 75,000 people who will form a “totally committed” workforce for the implementation of government’s National Pension System. Pension Fund Regulatory and […]
Chinese Pension Fund May Invest Over $90Bln in Equity Markets
The massive Chinese pension fund is likely to buy nearly 600 billion yuan worth of A-shares from China-based companies in 2016, the People’s Daily newspaper reported. With the fund currently managing almost 90 percent of China’s social security deposits, its total assets amounted to 3.98 trillion yuan in late 2015, […]
Turkish Airlines itches for control of Nigeria’s international aviation space
Leave a comment and share Turkish Airlines, one of the foremost global airlines has assured it will latch on the re-energized diplomatic relations between Nigeria and Turkey to grow flight connectivity between both countries and enhance their economic growth. The President of Turkey, Recep Tayyip Erdogan recently paid a courtesy […]
Normalcy returns to NAICOM, signs agreement with aggrieved workers
Leave a comment and share Chuks Udo Okonta Normalcy has returned to the National Insurance Commission (NAICOM) as the management has signed agreement with aggrieved staff on issues that fuelled the three days protest that rocked the commission. The Head, Corporate Affairs NAICOM, ‘Rasaaq ‘Salami, told Inspen that the workers […]
Motor insurance rates to be determined by the risk factor
Among the risk factors include vehicle make and model, gender and occupation. Come 2017, motor insurance rates will be based on a list of risk factors, instead of the current pricing policy. This was revealed in an article by paultan.org – a Malaysian automotive blog – a move that now […]
PenCom unveils how N5.21tn pension assets were invested
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in a bid to prove that there is no idle fund in the kitty of Pension Fund Custodians (PFCs) has detailed how the pension assets which stood at N5.21 trillion as at November 2015, […]
Traffic to prison : Insurance experts fault Lagos magistrate’s action
By Rose Onuoha & Onozure Dania Insurance experts have faulted the action of a magistrate, Funke Sule-Hamzat, who allegedly instigated the remand of a mother of three, Mrs Yetunde Osijo, in Kirikiri Prisons, after their cars were involved in a minor traffic crash. Managing Director of Quicklink Insurance Brokers, Mr. […]
PENCOM DG, 2 Others Appointed Members of LSE Africa Advisory Group
Mrs. Chinelo Anohu-Amazu The Director-General of the National Pension Commission (PENCOM), Mrs. Chinelo Anohu-Amazu, has been appointed pioneer member of the London Stock Exchange Africa Advisory Group. Mrs. Anohu-Amazu is one of the high-level financial experts from the African continent appointed by the respected London Stock Exchange to provide advisory […]
‘CPS is safest pension scheme’
• Mrs. Anohu-Amazu The Contributory Pension Scheme (CPS) remains the safest pension scheme with no record of fraud since its inception in 2004, the Director-General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, has said. Mrs. Anohu-Amazu, who gave this assurance while speaking to reporters in Lagos, said the feat was […]
