Pensioners The Nigerian Union of Pensioners have asked the federal and state governments to pay all pension arrears they are owing retirees to ease their sufferings. The union made the appeal at a news conference to mark the 2015 Pensioners’ Day at the Nigeria Labour Congress headquarters in Abuja. December […]
Pension
CPS good tool of managing finances – PenCom
Mrs. Chinelo Anohu-Amazu Leave a comment Chuks Udo Okonta The adoption of Contributory Pension Scheme (CPS) by States is one effective tool of managing finances, especially at a time of lean available public resources, the National Pension Commission (PenCom), has canvassed. Its Director-General Mrs. Chinelo Anohu-Amazu, said this at the […]
THE IMPLICATIONS OF PRA 2014 ON MANAGEMENT OF PRIVATE SECTOR GRATUITY AND PENSION SCHEMES
Presented By Dr. Pius Apere (PhD / FCII) (Actuarial Scientist / Chartered Insurer) Deputy Managing Director Linkage Assurance Company PLC Email: p_apere@hotmail.com Tel: +234(0)7086438525 December 2015 Introduction The Nigerian pension industry currently consists of three pillars, namely the public sector Pay-As-You-Go (PAYG) defined benefit (DB) schemes, private sector defined benefit […]
Expert canvasses floating of bond to deflate pension accrued rights
Leave a comment Chuks Udo Okonta An expert in pension matters has called on all levels of government to consider floating of bond to address the present challenge of accrued pension rights that has denied many retirees their pension benefits. The Regional Manager South West of Premium Pension Limited, Fatai […]
Lagos set to review pension payment family of deceased staff
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 […]
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 […]
