insurance and pension news
Monday, August 10, 2020
Leave a comment and share Chuks Udo Okonta Pension Fund Operators (PFOs) have taken succour in bank placement investment window due to the sharp drop in investment returns from treasury bills and federal government bonds, even as the pension assets soared to N10.58 trillion in April 2020. Data obtained from […]
Obilana Leave a comment and share Chuks Udo Okonta Lagos state Governor Babajide Sanwo-Olu has approved the appointment of Babalola Obilana as the Director-General of Lagos State Pension Commission (LASPEC) in recognition of his outstanding performance and accomplishments in the financial sector. Obilana who takes over from Mrs. Folashade Onanuga […]
Leave a comment and share Chuks Udo Okonta The lockdown which was herald by the COVID-19 pandemic has forced pension contributions and remittance down by at least 30 per cent, Inspenonline can report. The Managing Director of one of the nation’s Pension Fund Administrators (PFAs) told this medium that the […]
Leave a comment and share Chuks Udo Okonta Contributions from informal sector workers into the Micro Pension Plan (MPP) is now about N30 million, Inspenonline can report. The Head, Research & Strategy Management Department, National Pension Commission (PenCom) Dr. Farouk Aminu, said this in a telephone conversation with Inspenonline. Micro […]
Babayo Leave a comment and share Chuks Udo Okonta The Board of Premium Pension Limited has announced a few changes at the Corporate level which include the appointment of Ibrahim Alhassan Babayo as its new Chairman effective April 26, 2020. A statement by the firm’s Head: Corporate Communications, Aliyu Mohammed […]
Leave a comment and share Chuks Udo Okonta About N29 billion was injected into the pension fund assets in January and February 2020, Inspenonline can report. Data obtained from the National Pension Commission (PenCom) revealed that the pension fund assets stood at N10.22 trillion as at December 31, 2019 and […]
Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have invested the N7.77 million contributed by micro pension subscribers as at February 29, 2020 in Federal Government’s treasury bills and bank placement, Inspenonline can report. The National Pension Commission (PenCom) stated this in its […]
The Pension Fund Regulatory and Development Authority (PFRDA) has said that it will look into the fee structure for pension funds. Currently, pension fund managers in India earn one paise for every INR100 of funds managed under the National Pension System (NPS) which the PFRDFA oversees, reported Moneycontrol. Mr Supratim […]
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said the total pension fund assets as at February 29, 2020 was N10.51 trillion, of which N7.09 trillion (67.51 per cent) of the amount has been invested in Federal Government’s securities. PenCom stated this in its monthly […]
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said it has handed the management of First Guarantee Pension Limited over to a reconstituted Board of Directors under the Chairmanship of Alhaji Kashim Ibrahim Imam with Hon. Tsegba Terngu, Hon. Ahmed Salik, Dr. Pat Asadu, and […]
