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
Actualising result oriented public service with efficient and effective pension administration
Dr. Oke To develop a virile workforce with satisfying post service life through the sustenance of ethical values and effective career and pensions management, the Ministry of Establishments, Training and Pensions’ (MET&P’s) has embraced the Service Charter Policy of the Lagos State Government by renewing and emphasising its commitments towards […]
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) […]
PenCom, NAICOM meet this week to resolve delay on annuity approval
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and National Insurance Commission (NAICOM) would meet this week to resolve issues responsible for delay in approval of annuity, Inspen has learnt. It was gathered that the meeting would bring both regulators on the page and also […]
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 […]
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 […]
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. […]
Lagos State prepares workers for pension transfer window
From left: Commissioner of Information and Strategy, Steve Ayorinde, Commissioner of Ministry of Establishments, Training and Pensions, Dr. Akintola Benson and Chairman House Committee on Establishments, Training, Pensions and Public Service, Honourable Adedayo Famakinwa at the event in Lagos. Leave a comment and share Chuks Udo Okonta Lagos State Government […]
Move by Senate to amend the pension act 2014
Takor Daily Trust Newspaper, in its edition of Thursday May 11, 2017 reported the move by the Senate to amend the Pension Reform Act 2014 to enable retirees withdraw up to 75 percent of their pension savings. According to the newspaper report, Senator Aliyu Wamako (APC Sokoto), the prime sponsor […]
Lagos State spends N138.41bn on employees pension rights
From left: Commissioner of Information and Strategy, Steve Ayorinde, Commissioner of Ministry of Establishments, Training and Pensions, Dr. Akintola Benson and Chairman House Committee on Establishments, Training, Pensions and Public Service, Honourable Adedayo Famakinwa at the event in Lagos. Leave a comment and share Chuks Udo Okonta Lagos State Government’s […]
