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 […]
Pension
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 […]
Kengen to Sell 5% Stake to South African Pension Fund
By James Anyanzwa Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public Investment Corporation SOC Ltd, the Fund’s manager, in which the South African pension scheme […]
We’re ready to release locked up pension funds – NPRA
The National Pensions Regulatory Authority (NPRA) has disclosed that it should be able to release locked up pension funds in the Temporary Pension Fund Account (TPFA) by June this year should the Administrators of the Public sector funds complete the processes of validation. According to the NPRA, the reconciliation of […]
FUG Pensions targets top five position
Suleiman Leave a comment and share Chuks Udo Okonta Having successfully operated for 10 years, award winning Pension Fund Administrator (PFA), FUG Pensions Limited, hopes to be ranked amongst top five in Nigeria’s pension industry. The Managing Director of the PFA, Usman Suleiman, who disclosed this today in an interview […]
Association, financial authorities to launch pension fund campaign
The Indonesian Pension Fund Association (ADPI), in cooperation with the Financial Services Authority (OJK), will hold a nationwide campaign to raise awareness about the importance of pension funds. About 120 million Indonesian workers and college graduates to-be are expected to start investing for their retirement in the next five years, […]
