Civil servants across many states of the federation are concerned for their lives after retirement as many state governments have stopped contributing towards their pension, IFE ADEDAPO writes The implementation of the Pension Reform Act, 2014 may have come to a dead end as some state governments and workers have […]
Pension
Convicted of Corruption, but Still Getting a Pension
By DAVID BUCHWALD IN New York State, both the former Assembly speaker Sheldon Silver and the former Senate majority leader Dean Skelos have recently been tried and convicted on numerous federal charges of corruption. They share another distinction: Since their trials, they have both applied for their state pensions. Sadly, […]
Flat-rate pension relief fairer to all, say insurers
By Brian Milligan Personal Finance reporter A new system of flat-rate tax relief on pension contributions would be fairer to everyone, especially the low-paid, the insurance industry has said. The Association of British Insurers (ABI) is asking the chancellor to introduce a Savers’ Bonus, which would treat all taxpayers equally. […]
How pension funds can boost devt in dwindling economy– Fashola
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 […]
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). […]
