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 […]
Pension
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, […]
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, […]
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 […]
PenOp seeks common ground with investors
Longe Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) has called on those seeking to invest pension funds to come up with ventures that would be beneficial to all parties – retirees, operators and the investors. the President of the association, Eguarekhide […]
Public sector pensions change in Budget criticised
Health and education will be squeezed by more than £1bn because of changes to the way public sector pensions are funded, figures seen by the BBC show. It comes after George Osborne announced in the Budget that employers would have to contribute more to pensions for NHS staff, teachers and […]
Canada pension funds hold back on UK deals ahead of Brexit vote
* Funds concerned about ‘Brexit’ impact on City of London * Canadian funds have been 2nd biggest UK real estate buyers * Retreat raises concerns over inbound UK investment By Matt Scuffham Some of Canada’s top pension funds, among the world’s biggest investors in British real estate and infrastructure, are […]
DG PTAD suspended over alleged fraud of N60m
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 […]
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 […]
