Hot money may be flowing out of China’s markets amid a persistent economic slowdown, but slower-moving institutional money is taking a longer view. “China is absolutely critical in anyone’s portfolio,” Adrian Orr, chief executive of the New Zealand Superannuation Fund, a pension fund with around $29.5 billion in assets, told […]
Pension
Pension: Your contributions not enough guarantee for mortgage
Leave a comment Chuks Udo Okonta Retirement Savings Account (RSA) holders who believed the proposed mortgage finance by the National Pension Commission (PenCom) is a panacea to their quest for befitting homes, should be ready for surprises as an operator has said that just having a contribution is not a […]
UK Employer pension contributions collapse by 48% in a year
Fears have been raised that employers are slashing the amount they pay into workers’ pensions in an attempt to save money, after official figures revealed a near-50% collapse in contribution rates in 12 months. The Guardian reported that the average amount being paid into private-sector defined contribution (also known as […]
‘You are responsible for your pension’
Leave a comment Chuks Udo Okonta Do you know that you are responsible for your pension? This is a fact many employees do not consider as they strive daily to eke a living. The Pension Reform Act 2014 has placed the future of workers in their hands by empowering them […]
Feds: Send greedy ex-cop to prison for at least 8 years
Prosecutors on Wednesday painted a former high-ranking Detroit cop convicted in a Kwame Kilpatrick-era corruption scandal as a greedy liar and remorseless, entitled bribe-taker who should spend at least eight years in prison. In a blistering filing, federal prosecutors made the request two days after Paul Stewart’s co-defendant, ex-Detroit Treasurer […]
PFAs get N26.63bn monthly from RSA holders
Chuks Udo Okonta About N26.63 billion is contributed monthly by Retirement Saving Account (RSA), the National Pension Commission (PenCom) has said. The commission said in a report that the average monthly contributions by the private and public sectors were N17.46 billion and N9.17 billion respectively during the first quarter in […]
N3.25tr pension funds invested in govt securities, says PenOp
PENOP CHAIRMAN, MISBAHU YOLA AND EXECUTIVE SECRETARY MS SUSAN ORANYE AT THE EVENT The Nation By: Nduka Chiejina About N3.25 trillion out of the almost N5trillion of the Pension Funds so far collected have been invested in Federal Government securities, the managers of the fund, have said. The Chairman, Pension […]
Faces at the PenOp’s media Briefing in Abuja
PENOP CHAIRMAN, MISBAHU YOLA (3RD LEFT) ADDRESSING MEMBERS OF PRESS AT MEDIA BRIEFING IN ABUJA
Japan’s Pension Funds Unexpectedly Sold Stocks Last Quarter
Bloomberg Yuji Nakamura Shigeki Nozawa Anna Kitanaka Japan’s public pension funds sold domestic stocks in the three months through June, ending a five-quarter buying spree that saw them put 4.5 trillion yen ($37.3 billion) into the nation’s equity market. The funds offloaded 406.8 billion yen of local shares in the […]
How pension funds are invested – PenOp
Chuks Udo Okonta The Executive Secretary, Pension Fund Operators Association of Nigeria (PenOp), Susan Oranye, has identified safety; liquidity and returns as major considerations in investing pension funds. Oranye, disclosed this while reacting to the call in some quarters for injection of more pension funds in the capital market. She […]
