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 […]
Pension
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 […]
PenOp partners NGOs on free healthcare for elderly
Leave a Comment Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) in partnership with selected Non- Government Organisations (NGOs) have given Corporate Social Responsibility (CSR) in Nigeria a boost as about 1000 elderly people have been targeted to receive free treatment for various levels of ailments in […]
We approved four more PFAs to create options for employees – Ambode
Leave a Comment Chuks Udo Okonta The Lagos State governor, Akinwunmi Ambode, has said his administration approved four more Pension Fund Administrators to boost the state’s pension processes and accord staff a wider range of options. Ambode, who spoke Tuesday at a town hall meeting in Abesan, in Lagos West […]
Nigeria needs to embrace change, plan for the future – Chief British economist Gerard Lyons
Leave a Comment Chuks Udo Okonta The second edition of the World Pension Summit ‘Africa Special’ (WPS-AS) kicked off in Abuja, Nigeria today with a welcome address from Chinelo Anohu-Amazu, Director General of PenCom, and a keynote speech from chief economist and global economic adviser, Dr. Gerard Lyons, amongst others. […]
Pension assets hit N5tn – DG PenCom
Leave a Comment Chuks Udo Okonta The Director-General National Pension Commission (PenCom) Mrs Chinelo Anohu-Amazu, on Monday said pension Contributed by Retirement Savings Account (RSA) holders had risen to over N5 trillion. Anohu-Amazu disclosed this while speaking at the second edition of the World Pension Summit, Africa Special, held in […]
Anohu-Amazu: PRA Now Allows Contributors with Sufficient RSA Balances to Own Homes through Mortgages
For the first time ever, the world pension regulators and professionals will gather in Nigeria tomorrow to discuss sustainable ways of managing pension funds. The Director-General, National Pension Commission (PenCom), Chinelo Anohu-Amazu, in this interview with Kunle Aderinokun, Associate Editor, points out the highpoints of the event. Anohu-Amazu also addresses […]
