By Clifford Ndujihe POWER, Works and Housing Minister, Mr Babatunde Raji Fashola (SAN), yesterday, decried the age-long lip service Nigerian governments had paid to diversification of the country’s economy from crude oil, noting that the mistake has caught up with Nigeria following the prevailing slump in crude oil prices. As […]
Pension
KEYNOTE SPEECH AT THE NIGERIAN PENSION INDUSTRY STRATEGY IMPLEMENTATION ROADMAP RETREAT ON JANUARY 21-23, 2016
Fashola Ladies and Gentlemen, we are gathered at a historic time to discuss an important matter. Some may see a Pension Conference, but I see more. I see a future for Africa, led by Nigeria, using the resources of the people to build a future that includes the people. It […]
X Chief executive of the nation’s largest pension fund steps down
Anne Stausboll, chief executive of CalPERS, said she is stepping down at the end of the… more PHOTO COURTESY OF CALPERS chief executive of CalPERS, said Thursday that she is stepping down at the end of the fiscal year, finishing a seven-year tenure in which she led the agency through […]
Pensions & Investments Acquires WorldPensionSummit and WorldPensionSummit Africa Special
Investments, a Crain Communications publication and global media source for institutional investors, has announced the acquisition of the WorldPensionSummit and WorldPensionSummit Africa Special from Netherlands-based company, Global Platform BV. The WorldPensionSummits are platforms for global retirement industry professionals, thought leaders, policy makers, academics, and global asset management firms to address […]
How to earn huge monthly pension under CPS
PenCom’s Director-General Chinelo Anohu-Amazu Leave a comment Chuks Udo Okonta John Peter not real name, retired from one of the Federal Government’s agencies and had N6 million in Retirement Savings Account (RSA) and was paid N1.4 million as lump-sum and the balance N4.6 million was used to procure programmed withdrawal […]
BPE Denies Holding Back N27bn PHCN Pension Premium
Chima Akkwaja The Bureau of Public Enterprises (BPE) has distanced itself from the huge outstanding insurance premium of staff of the Power Holding Company of Nigeria (PHCN) who died in active service. The Bureau confirmed there is outstanding premium of about N27,188,232,208.20 for which payment has not been made. According […]
Pension fund withdrawals very worrying, say experts
By Brian Milligan Personal Finance reporter Figures from the City regulator show that 120,969 who cashed in a pension fund between July and September last year took the whole lot out. In contrast just 58,021 people used the money to buy themselves an income, said the Financial Conduct Authority (FCA). […]
FG pays N496,58bn pension accrued rights of 99,069 RSAs, DBAs holders
Director-General PenCom Mrs. Chinelo Anohu-Amazu Leave a comment Chuks Udo Okonta The Federal Government has paid N496,58 billion pension accrued rights of 99,069 Retirement Savings Accounts (RSAs) and Defined Benefits Accounts (DBAs) holders as at third quarter of 2015, Inspen has learnt. It was gathered that the amount was […]
PFAs, insurers’ unhealthy competition puts retirees’ money at risk
Insurance companies and Pension Fund Administrators are engaged in an unhealthy competition to the detriment of retirees in their quest for a larger share of the growing pension funds, NIKE POPOOLA reports Crave for pension money The desire for a larger share of the growing pension funds is making the […]
Stakeholder wants President Buhari to use pension tackles corruption
President Buhari Leave a comment Chuks Udo Okonta President Muhammadu Buhari has been urged to use the enforcement of Contributory Pension Scheme (CPS) as tool to tackle corruption as people will shun illicit activities when they know their future is secured. A concerned stakeholder said this in Lagos, stressing that […]
