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 […]
Pension
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 […]
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 […]
