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 […]
Pension
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 […]
Canada Pension Funds to Invest in Singapore, Indonesia Warehouses
Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia. Canada Pension Plan Investment Board (CPPIB), the top pension fund […]
Disengaged workers resort to pension contributions for survival
Leave a comment and share Chuks Udo Okonta Disengaged workers who are privileged to subscribed to the Contributory Pension Scheme (CPS) now resort to 25 per cent withdrawal provided by the law for survival, Inspen can report. One of the disengaged workers from Ilorin, Kwara State, yesterday, called Inspenonline’s Office […]
GE agrees $3.4 billion deal to sell water business to Suez, Canadian pension fund
By Austen Hufford General Electric Co. GE, -0.20% said Wednesday it has agreed to sell its water and process technologies business to France’s Suez SA and one of Canada’s largest pension funds. Suez SEV, -0.18% and Caisse de dépôt et placement du Québec are buying GE Water in a deal […]
Pension fund manager, 45, at Westminster Council ‘stole more than £1million from his employer and transferred the cash into his wife’s bank account’
Ian Woodall, 45, allegedly abused his position at Westminster City Council In court with wife Tania, 46, who is charged with assisting in the transfer of cash Allegedly transferred over £1m in his role as chief investment officer at council A pension fund manager has been accused of stealing more […]
Sustainability vital for China’s pension funds
China is home to more than 220 million people over the age of 60 in China, or 16.1 percent of the population, and the numbers are growing. As the population ages, the country faces the challenge of building a more sustainable pension system. Since late 2016, China has invested an […]
