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 […]
Pension
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 […]
States’ pension woes split democrats and union allies
A $1 trillion U.S. pension gap is dividing two longtime allies: Democrats and unions. Left-leaning politicians from Rhode Island to California are increasingly supporting more aggressive overhauls of government pension benefits despite opposition from labor officials, traditionally one of the Democratic Party’s biggest policy and electoral supporters. The erosion of […]
What will happen to pensions in 2016?
2015 has been a huge year for pension changes – but 2016 could also be packed with surprises This year has been one of huge changes to the pensions landscape. In April new freedoms were introduced that allow savers to spend their retirement funds how they like. Or at least […]
