Leave a comment Chuks Udo Okonta The Contributory Pension Scheme (CPS) has so far delivered all the major objectives of the reforms, the Director-General, National Pension Commission (PenCom) Mrs. Chinelo Anohu-Amazu, has said. She disclosed this at the Southsouth sensitisation conference on the impact of the Pension Reform Act 2014 […]
Pension
Kazakhstan central bank to use pension fund cash to prop weak economy
By Olzhas Auyezov Kazakhstan’s central bank will use 1 trillion tenge ($3.6 billion) from the state pension fund next year to support the slowing economy, the bank’s chairman, Kairat Kelimbetov, said on Friday. Kazakhstan, Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, has been hit hard […]
Pension assets now N5.03tn – PenCom
By Tom Moses The National Pension Commission, PenCom, yesterday in Uyo, Akwa Ibom State, said the pension assets had hit N5.03trillion, even as the state governor, Mr. Udom Emmanuel, described the diversion of pension fund or its misappropriation by public officials as the height of man’s inhumanity to man. The […]
210 unqualified employers applied for compliance certificates – PenCom
Leave a comment Chuks Udo Okonta The National Pension Commission (PenCom) said it rejected the applications of 210 employers who sought compliance certificates to enable them bid for government contracts, because they failed to meet the necessary requirements. The Commission in a report said it received 1,050 applications for issuance […]
Stanbic IBTC Pension Managers donates water scheme to NYSC
Leave a comment Chuks Udo Okonta Determined to improve the living standard of Nigerians, Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings Plc, has commissioned a water project built and donated to the Nigerian Youth Service Corps (NYSC) Camp in Kubwa, Abuja The water project, which will […]
FG securities, foreign equities haven for pension investments
Leave a comment Chuks Udo Okonta Pension Fund Administrators (PFAs) have find succour in federal government securities and foreign equities which are now haven for investments due to safety and return on investments. According to a report by the National Pension Commission (PenCom) the operators have consistently make investment in […]
Britain’s biggest pension funds ‘deliberately’ delaying freedoms
Named and shamed: Local Governments, the Civil Service and Royal Mail are making savers wait months to access pension cash By Katie Morley Britain’s biggest work pension schemes are accused of deliberately preventing savers from accessing the new pension freedoms, after it emerged that a number are delaying cash transfers […]
Deploying idle pension funds
The shortage of critical development infrastructure in the country is often attributed to lack of funds. It is for this reason that we welcome the opening of a new window of opportunity for access to funds that could finance the development of key infrastructure in Nigeria. Director General of the […]
Oshiomhole Clarifies Position On N3.5 Trillion Pension Fund
By Simon Ebegbulem Governor Adams Oshiomhole of Edo State, yesterday clarified his position on the pension fund, saying he never accused the National Pension Commission, PenCom, of diverting N3.5 trillion pension fund because it had nothing to do directly with pension money. He said, rather, his position was about how […]
We inherited N14.3bn pension liability in Kaduna – El Rufai
Governor Nasir El-Rufai of Kaduna State, has said his administration inherited a pension liability of N14.3 billion when he assumed office in May. El-Rufai made the disclosure at the maiden edition of the African Pension Award organised by the World Pension Summit Africa in Abuja. “When we got sworn in […]
