Leave a leave Chuks Udo Okonta Ondo State Government has commenced implementation of the Pension Reform Act 2014 in phases, Inspen has learnt. The Director-General Ondo State Pension Commission Jaiyeola Olowosuko, disclosed this in an interview, adding that the first phase has commenced with employees employed in 2014. He noted […]
Pension
Canada pension fund ready to invest $2 billion in Mumbai housing
Mumbai: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador… informed me that the Canadian […]
Lagos State to begin implementation of PRA 2014 in 2016
Leave a comment Chuks Udo Okonta Lagos State will commence implementation of the Pension Reform Act 2014 by next year, the Director-General Lagos State Pension Board (LASPEB) Mrs Folashade Onanuga, has assured. She disclosed this today at the State’s Pension Board One Day Seminar on the Provisions of the […]
Government to ease safe harbour rules to attract PE investors to India
The government is set to ease a few pre-set conditions for offshore fund managers to allow private equity investors to shift base to India without attracting a tax on capital gains by relaxing safe harbour rules, people familiar with the matter said. The government is likely to allow a ‘see […]
CPS has delivered major objectives of reforms – PenCom
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 […]
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 […]
