Leave a comment and share Chuks Udo Okonta Annuity premium paid by retirees to life insurers as at June 2016 stood at N157.09 billion, Inspen has learnt. The National Pension Commission (PenCom) stated this in its 2016 second quarter report. PenCom noted that it approved a total of 2511 applications […]
Pension
169,419 disengaged workers get N52.91bn from PFAs
Leave a comment and share Chuks Udo Okonta About 169,419 Retirement Saving Account (RSA) holders under the age of 50 years who were disengaged from work and were unable to secure another job within four months of disengagement, have received N52.91 billion as 25 per cent of their RSA balance, […]
Insurers to move over N164.7bn to pension sector
Leave a comment and share Chuks Udo Okonta Insurance operators seemed to be stuck between a rock and a hard place as they have to move over N164.7 billion to the pension industry, Inspen can report. The funds include the over N145 billion annuity assets they were mandated to keep […]
Lagos State pays N582.19m to 109 retirees
Mrs Onanuga Leave a comment and share Chuks Udo Okonta Lagos State Governor, Akinwunmi Ambode, has released the sum of N582. 195 million to pay 109 retirees’ entitlements for the month of March, 2017. A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC), stated […]
Inspen retirement mata debuts on Naija FM
Chuks Inspen Media has launched a pidgin programme on radio, which is aimed at deepening pension awareness. A statement by its Chief Executive Officer, Chuks Udo Okonta, said the programme tagged: Retirement Mata, which is billed to commence Friday, April 7, 2017, will be aired on NAIJA FM 102.7 on […]
Nigeria pension office sacks five deputy directors for alleged employment fraud
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 […]
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 […]
