By Paddy Ezeala It seems that Nigeria would have disappointed the rest of the world if the Contributory Pension Scheme (CPS) were to run unfettered without spanner being put in the works somehow somewhere. Arguably, the CPS operating under the Pension Reform Act 2004 as amended by the Pension Reform […]
Pension
Exemption of paramilitary from CPS to create bleak future for security personnel
Leave a comment and share Chuks Udo Okonta At a time the nation is battling with paucity of funds to meet enormous existing needs of her citizenry, some members of the National Assembly who should have align with the government to suggest ways of raising revenue, are pushing bills to […]
Bills threaten N6.5trn pension funds
Leave a comment and share Chuks Udo Okonta Contributed Pension funds which currently stand at N6.5 trillion is faced with threats of depletion due to multiple Bills sponsored by some individuals at the National Assembly, Inspen can report. According to pension industry regulator, National Pension Commission (PenCom) and the umbrella […]
Lagos State Government extols retired Ogunnaike
From left: Commissioner of the Ministry of Establishments, Training and Pensions, Dr. Akintola, Benson and retired Permanent Secretary of the Ministry, Mrs. Folasade Oluwatosin Ogunnaike at the event. Leave a comment and share Chuks Udo Okonta The Lagos State Government has celebrated the retirement of its Permanent Secretary, Ministry of […]
How pension lump sum is determined – PenOp
Executive Secretary Pension Fund Operators Association of Nigeria, Ms Susan Oranye (5th left); Chief Marketing Officer, Premium Pension Limited Kabir Tijjiani; President, National Association of Insurance and Pension Correspondents, Mrs Omobola Tolu-Kusimo and members of NAIPCO at the event. Leave a comment and share Chuks Udo Okonta Contrary to claims […]
Lagos State pays N515m to 252 retirees
Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Governor, Akinwunmi Ambode, has urged retirees not to put their retirement money into ventures they could not manage. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC) said the Governor, who was […]
75% lump sum proposal destroys essence of pension – Etaduovie
Etaduovie Leave a comment and share Chuks Udo Okonta The proposal before the National Assembly seeking the payment of 75 per cent of retirees pension benefits as lump sum at retirement destroys the very essence of pension, the Managing Director, IEI Anchor Pension Limited, Glory Etaduovie, has said. He disclosed […]
Premium Pension grows AUM to over N487bn
From left: Premium Pension Limited South West Regional Manager, Mr. Fatai Olufeso receiving a copy of NAIPCO Trumpet Magazine from the President of National Insurance and Pension Correspondents( NAIPCO ), Mrs. Omobola Tolu- Kusimo at the event. Leave a comment and share Chuks Udo Okonta Premium Pension Limited has said […]
IEI Anchor Pension repositions for growth with over N62bn AUM
From left: Customer Relationship Officer, IEI Anchor Pension Limited, Kelly Etaifo; Head Business Development & Strategy, Mrs Jolaade Oduntan; Manager for Branch, Mrs Amina James-Louis and President, National Association of Insurance and Pension Correspondents, Mrs Omobola Tolu-Kusimo at the event. Leave a comment and share Chuks Udo Okonta IEI Anchor […]
Brazilian judge seizes $2.8 million in Silva’s pension funds
SAO PAULO (AP) ” A judge in Brazil on Thursday ordered the seizure of more than $2.8 million in pension funds from former President Luiz Inacio Lula da Silva in connection with his corruption conviction. The funds were in one of Silva’s individual accounts and in another linked to his […]
