Executive Secretary, Pension Transitional Arrangement Directorate, PTAD, Barr. Sharon Ikeazor [Photo: icpc.gov.ng] Bassey Udo Five deputy directors of the Pensions Transitional Arrangement Directorate, PTAD, have been fired for alleged employment fraud, the agency said Tuesday. The officials were sacked after a staff verification exercise revealed they breached established regulations prior […]
Pension
Senate urges FG to Release N174bn bailout funds for pension arrears
President Buhari The Senate on Tuesday urged President Muhammadu Buhari to order the immediate release of N174 billion voted in the 2016 budget for payment of pension arrears. The upper chamber said that fund was a bailout created in the 2016 budget to redeem all federal government pension indebtedness amounting […]
Enact Policies To Attract Africa’s Pension Funds To Invest In Continent’s Infrastructure Projects, Says Mayaki
Mayaki Africa must commit to a roadmap that will allow African Pension Funds to invest in Africa’s own infrastructure projects, Ibrahim Assane Mayaki, Chief Executive Officer of the Nepad Planning and Coordinating Agency, told participants to a high-level meeting on ‘innovations in infrastructure development and sustainable industrialization’ on Sunday. In […]
Companies that help build Trump’s wall could lose pension fund investments and California state contracts
It’s not just Mexican cement giant Cemex that’s refusing to bid on the Great Wall of Trump; many of the firms in the super-concentrated large-scale construction sector are signalling their unwillingness to participate in the wall’s construction. It’s not just reputational concerns, either: there’s also the risk that California Democrats […]
Breaking: PenCom, NAICOM direct life insurers to open operational accounts with PFCs
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and National Insurance Commission (NAICOM) have resolved the annuity impasse by agreeing to allow life insurance companies to open operational accounts with Pension Fund Custodians (PFCs) of their choice. The regulators in a joint circular made available […]
Need to allow NPS subscribers to invest up to 50% in equities: PFRDA
The regulator of the National Pension Scheme (NPS), Pension Fund Regulatory and Development Authority (PFRDA) wants the govt to allow subscribers under the NPS to invest in equities up to 50% from the current limit of 15%, so as to increase the investment levels in equity markets. For this, the […]
NPA Retirees Stage Protest Over Unpaid Pension Arrears
Hadiza-Bala-Usman Hundreds of retirees of the Nigerian Ports Authority (NPA) on Wednesday staged a protest at the Marina Headquarters of the organisation over what they called non-payment of their enhanced pension benefits. The protesters had converged on the towering office in the morning, carrying placards with various inscriptions such as […]
Adeosun Intervenes In NAICOM/PENCOM Dispute Over Annuity Assets
Adeosun The Minister of Finance, Mrs. Kemi Adeosun, has intervened and brokered a resolution to the dispute between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians (PFCs). […]
Knocks for PTAD over verification
Condemnation have trailed the Pension Transitional Arrangement Directorate’s (PTAD) mode of verifying sick and bedridden Federal Government pensioners under the Defined Benefit Scheme. Experts and pensioners accused the Directorate led by its Executive Secretary, Sharon Ikeazor, of being backward in its verification method, saying the body ought to have moved […]
PenCom plans construction of six offices in expansion program
Mrs Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says as parts of expansion program for this year, which is geared towards bringing its activities to the populists, some landed properties will be acquired together with construction of six office buildings. The Director-General, Mrs […]
