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 […]
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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 […]
Death toll rises to 717 in Saudi Hajj stampede
At least 717 people have been killed in a stampede at the annual Hajj pilgrimage, Saudi Arabia’s civil defence directorate said, as the death toll continued to rise. The directorate said at least 863 other pilgrims were injured in Thursday’s stampede, which took place in Mina, on the outskirts of […]
‘You are responsible for your pension’
Leave a comment Chuks Udo Okonta Do you know that you are responsible for your pension? This is a fact many employees do not consider as they strive daily to eke a living. The Pension Reform Act 2014 has placed the future of workers in their hands by empowering them […]
Volkswagen CEO Martin Winterkorn quits over biggest scandal in its 78-year history
Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker’s rigging of US emissions tests in the biggest scandal in its 78-year history. “Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation,” […]
Feds: Send greedy ex-cop to prison for at least 8 years
Prosecutors on Wednesday painted a former high-ranking Detroit cop convicted in a Kwame Kilpatrick-era corruption scandal as a greedy liar and remorseless, entitled bribe-taker who should spend at least eight years in prison. In a blistering filing, federal prosecutors made the request two days after Paul Stewart’s co-defendant, ex-Detroit Treasurer […]
