The Lagos State Government is currently reviewing payment of an additional 20 percent of accruable rights to the family of a deceased staff apart from the basic entitlements under the State Pension Law 2007. According to a statement issued by the State Ministry of Finance, the proposal is part of […]
Pension
UK pension funds urge firms to disregard certain regulator guidance
A group of British local government pension schemes has escalated its effort to change the way companies report by asking boards of the biggest 350 listed firms to disregard certain guidance from the accounting regulator. The move is the latest attempt by the Local Authority Pension Fund Forum to fix […]
New York pension fund launches $2 billion low-carbon index
A truck engine is tested for pollution exiting its exhaust pipe as California Air Resources field representatives (unseen) work a checkpoint set up to inspect heavy-duty trucks traveling near the Mexican-U.S. border in Otay Mesa, California September 10, 2013. REUTERS/Mike Blake A truck engine is tested for pollution exiting its […]
African Pension Funds: Retirees and infrastructure for the sake of the people
In the financial world, it is the capital that disappears. Two visions, two aspects, the same problem: old age in Africa. Indeed, economic growth has increased the life expectancy in the continent, spawning new demographic challenges for populations. How to ensure the peaceful retirement of millions of Africans retiring each […]
Lagos State pays N1.5 billion to retirees
Leave a comment Chuks Udo Okonta The Lagos State Government has approved the release of N1.5 billion for the payment of another batch of retirees numbering to 238 from the State Public Service for the month of November. This brings the number of retirees paid so far, between August and […]
Actis invests $62 mln in Nigerian pension manager Sigma
Reuters – Private equity firm Actis has acquired a majority stake in Nigerian fund manager Sigma Pensions for $62 million, it said on Thursday, looking to capitalise on what it sees as a growth industry in Africa. The British-based company with a focus on emerging markets has invested more than […]
Micro Pension: Securing the future of self employed, low income earners
By Onyekwere Iwuagwu If they have a choice, many low income earners, self-employed people and informal sector workers across the country would not like to depend on their children and relatives for financial support during their old age. Speaking the mind of other low income earners, a housemaid once said […]
Thai Pension Fund to Boost Investment in Developed Stocks on Fed
Higher U.S. rates to weigh on emerging assets, fund says Fund looking at Japanese, European equities for next year Share on FacebookShare on Twitter Share on LinkedInShare on RedditShare on Google+E-mail Thailand’s Government Pension Fund plans to increase investments in developed-nation equities next year as higher U.S. interest rates weigh […]
Guidelines on unilateral withdrawals from voluntary contributions: threat of industrial action by River State TUC
PRESS STATEMENT Our attention has been drawn to the publication credited to the Trade Union Congress (TUC) Rivers State chapter on the Guideline for Withdrawal of Voluntary Contribution. It is pertinent to note that by virtue of Section 23(b) of the Pension Reform Act 2014, the National Pension Commission has […]
LASG expends over N100 billion on Pension Rights
From left: Head of Service, Lagos State, Mrs. Olabowale Ademola; Commissioner for Establishments, Training & Pensions, Mr. Benson Akintola and Director General, Lagos State Pension Board(LASPEB), Mrs. Folashade Onanuga, at the 9th Pre-Retirement Seminar, organised by LASPEB for Lagos State’s employees due to retiree between January and June 2015, in […]
