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). […]
Pension
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 […]
CPS soars as 2016 pension contributions exceed 2015
Suleiman Leave a comment and share Chuks Udo Okonta With N763 billion contributed as pension fund in 11 months of year 2016, as against N670 billion achieved in the same period in 2015, the pension industry remained stable in spite the economy quagmire that impeded growth in many sectors of […]
Kaduna set to redeem N15.57b pension debts
By Hussaina Yakubu/Kaduna Kaduna State Government has approved modalities for settling the N15.57 billion pensions debts and death benefits of public servants in the state Kaduna State Head of Service, Mrs Bariatu Mohammed, made this known on Monday in Kaduna after the state executive council meeting She said the approval […]
