Pension

Pension

Osinbajo appoints Funso Doherty DG PenCom

Leave a comment and share Chuks Udo Okonta Acting President Professor Yemi Osinbajo has named Funso Doherty as new Director-General for the National Pension Commission (PenCom) Doherty replaces Dikko Aliyu AbdulRahman who has now been appointed as Chairman, Governing Board of the Bank of Industry (BoI). List of the appointees […]

Pension

PenCom, NAICOM meeting on annuity in process

Leave a comment and share Chuks Udo Okonta Top management of the National Pension Commission (PenCom) and National Insurance Commission (NAICOM) are presently in a meeting to resolved issues inhibiting the approval of annuity. Inspen gathered that the meeting which is purely administrative, would pave way for the regulators to […]

Pension

AIICO Pensions holds over N78.1bn funds under management

Leave a comment and share Chuks Udo Okonta AIICO Pensions Limited total funds under management increased 21 per cent in 2016, moving from N64.2 billion to N78.1 billion, the Managing Director AIICO Insurance Plc, Edwin Igbiti, has said. He disclosed this at the underwriting firm’s 47th Annual General Meeting (AGM) […]

Pension

Failure to Implement the Guaranteed Minimum Pension in the Pension Reform Act 2014 – Impact on the Welfare of Nigerian Pensioners.

Apere Introduction Nigerian Pensioners have high expectations on National Pension Commission (PENCOM) and/or Government to timely, efficiently and effectively implement all provisions of pension regulations. These expectations arise from the need to have sustainable standard of living in retirement. Under the prevailing pension regulations in Nigeria, one of the ways […]

Pension

Experts to brainstorm on new annuity arrangement

.BusinessToday to honour Dr Akintola Benson, 7 others The Management of BusinessToday Communications, said it has concluded plans for this year’s Insurance and Pension (BusinessToday) Awards which will be looking at how the current annuity fund arrangement will affect Insurers and retirees in Nigeria. According to statement released by the […]

Pension

N10bn Deceased Persons’ Pensions Trapped In PFAs

By ZAKA KHALIQ, Lagos and MARK ITSIBOR About N10 billion belonging to deceased pensioners cannot be accessed by prospective beneficiaries, LEADERSHIP findings have revealed. It was gathered that instead of making the said money available for beneficiaries of the pensions, Pension Fund Administrators (PFAs) are now trading with the fund. […]