Suleiman ‘Contributory pension scheme not under threat’ In spite the recession and other economic maladies, the Managing Director, FUG Pensions Limited, Usman Suleiman, says the Contributory Pension Scheme (CPS) remains strong and will continue to give succour to retirees. Chuks Udo Okonta met him. 10 years of uninterrupted operations, how […]
Pension
PenCom issues 2467 compliance certificates to firm’s eyeing govt’s contracts
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) as at March 1, 2017, has issued 2467 compliance certificates to firm’s that had embraced the Contributory Pension Scheme (CPS) to enable them bid for government’s contracts. Findings by Inspenonline, revealed that some applications were rejected because […]
China stresses safe investment of pension funds
A senior official Wednesday called for a cautionary approach when investing pension funds, tempering expectations that a large amount of pension funds would enter the stock market. “The investment of pension funds does not necessarily mean putting them into the stock market — that is just one of the choices,” […]
UK Pension Fund Deficit Climbs To £520bn, According To PwC’s Skyval Index
New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds stood at £520bn at the end of February 2017, a £50bn increase since last month. The analysis also shows that it will take until 2050 to halve the value of today’s total liabilities […]
Lagos State retirees get N801m
Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State Governor, Akinwunmi Ambode has continued to keep his promise of giving priority to payment of retirees’ entitlements, as another set of 179 retirees received accrued Pension rights for a total sum of N801 million for the month […]
PenCom urges state govts to mitigate huge pension liabilities with CPS
Mrs Anohu- Amazu Leave a comment and share Chuks Udo Okonta The huge liabilities which usually build up in the old Defined Benefits Scheme can be mitigated by the adoption and implementation of the Contributory Pension Scheme (CPS) by States in the Federation, the Director-General, National Pension Commission (PenCom) Mrs […]
Pension Funds May Hit N7.2trn By Year End
PenCom Boss, Mrs Chinelo Anohu-Amazu By ZAKA KHALIQ Despite the devaluation of naira and double digit inflation rate that impact businesses negatively and put the economy in recession, the nation’s Pension Funds may hit N7.2trillion by December 2017, LEADERSHIP exclusively learnt. As at November 2016, the funds stood at N6.2 […]
Kaduna Govt Commences Implementation of New Pension Scheme
By John Shiklam The Kaduna State Government is to commence the implementation of the new pension scheme on Tuesday by paying pension benefits to its retirees scheme. The Executive Secretary of the tate Pension Bureau, Mr. Dan Ndackson, who disclosed this at a news conference in Kaduna yesterday, said the […]
N.Y. pension fund puts ExxonMobil on notice over climate change
Washington State Comptroller Thomas DiNapoli, sole trustee of the state public employee pension fund, is again pushing for energy giant ExxonMobil to disclose how efforts to mitigate global warming will impact its corporate bottom line. On behalf of the million-plus state workers and retirees who form the nucleus of the […]
Canadian pension fund manager looks at logistics investment in India
By Allison Lampert MONTREAL (Reuters) – The real estate arm of Canada’s second-largest pension fund manager is looking at India’s logistics sector following the announcement this week of its first investment in the country for more than six years, President Daniel Fournier said on Friday. Ivanhoe Cambridge, the real estate […]
