Mayshak The Director General of the Pension Transitional Arrangement Directorate (PTAD), Nellie Mayshak has been suspended indefinitely for alleged fraud of N60 million naira which is reported to be a monthly salary. According to the report, the details of the alleged fraud are still sketchy, but the recently introduced biometric […]
Pension
A Plan to Stop the Pension Plan Rip-Off
It’s small consolation that your broker is only harming one client at a time by claiming the ability to “beat the market.” Recommending actively managed funds, private equity, individual stocks and alternative investments is the tried-and-true Wall Street way of transferring wealth from you to them. The zero-sum game If […]
Top European Pension Opts for Roads as Hedge Funds Left Behind
By David De Jong PGGM aims to expand private market infrastructure investments Limiting hedge fund investing due to complexity and high costs PGGM NV plans to expand infrastructure assets by about 3 billion euros ($3.3 billion) by the end of next year as the investor for Europe’s second-largest pension fund […]
Global sovereign, pension funds may invest over Rs 3 lakh crore by 2021 in India: Report
India is an attractive destination for global sovereign and pension funds as they are expected to invest up to $50 billion (Rs 3.36 lakh crore) in infrastructure sector over the next five years, says a report. A research report by Ambit and The City of London Corporation says that sovereign […]
Rich countries have a $78 trillion pension problem
Dreams of lengthy cruises and beach life may be just that, with 20 of the world’s biggest countries facing a pension shortfall worth $78 trillion, Citi said in a report sent on Wednesday. “Social security systems, national pension plans, private sector pensions, and individual retirement accounts are unfunded or underfunded […]
Pension operators eye products in transportation sector
Longe Leave a comment and share Chuks Udo Okonta Pension operators are anxiously awaiting new investment windows to open in the transportation sector, Inspen can report. The President, Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe, who disclosed this said, “I have never seen anybody who come up with […]
Outlandish pensions
•A need to overcome an insensitive and self-serving move on the part of lawmakers The civil society has quickly reacted to efforts by the 8th NASS to amend the constitution to favour principal legislative officers with outlandish pension earnings after ceasing to be lawmakers. Leaders of various civil society groups […]
Woman donates pension to support Buhari’s anti-corruption war
A pensioner, Mrs. Rose Arabameh Julius, has donated her entire monthly pension of Ten Thousand Naira to support the Buhari administration’s war against corruption. Mrs. Julius, who retired as a cleaner from the Lagos University Teaching Hospital, also promised to contribute N1,000 every month out of her pension towards the […]
PFAs invest 70% of pension fund in FGN bonds, treasury bills
Longe By ZAKA KHALIQ(NEWSWATCH TIMES NEWSPAPER) At least 70 per cent of the N5.3 trillion pension fund has been invested in Federal Government bonds and Treasury Bills, Newswatch Times learnt. To this end, the Federal Government is currently using the fund to finance recurrent expenditure. While criticising some government officials, […]
Accrued pension rights to rise as FG may approve N50bn for 2016 retirees
Mrs Anohu-Amazu By ZAKA KHALIQ(NEWSWATCH TIMES NEWSPAPER) There are strong indications that the current Outstanding Accrued Rights may increase, when the 2016 budget is passed as the Federal Government only made provision for N50 billion as against N91 billion needed to pay the federal government workers who will retire in […]
