The shortfall for defined benefit pensions schemes jumped by 90 billion pounds last year British businesses need to stump up an extra £10 billion per year over the next decade to cover the pension deficits built up in the aftermath of the Brexit vote. The shortfall for defined benefit pensions […]
Pension
NDC to Secure Sh1.6 Billion From Pension Fund
By Rosemary Mirondo The National Development Corporation (NDC) is in a process of securing a Sh1.6 billion loan from a pension fund to capitalise its machines factory. The Kilimanjaro Machine Tools Ltd (KMT) resumed operations last year but with limited production, especially the carpentry and milling machines. The factory, which […]
Consequences of non-remittance of pension deductions by employers
By Chris Agabi facebook twitter goolge plus linkdin like (0 Likes) Consequences of non-remittance of pension deductions by employers Some pensioners waiting to be screened, recently There are growing number of cases where employers deduct pension contributions of employees but fail to remit them to the Pension Funds Administrations (PFA). […]
FUG Pensions supports Down Syndrome Foundation
Usman Suleiman, Managing Director, Future Unity Glanvills Pensions Limited with the children of Down Syndrome Foundation during the 2016 Xmas Carol hosted by the company for the special children. Leave a comment and share Chuks Udo Okonta The Future Unity Glanvills (FUG) Pensions Limited, as part of its Corporate Social […]
South Korea pension fund head arrested in scandal probe
The investigation is examining any role Mr Moon had in backing a Samsung merger South Korea’s pension fund head has been arrested in a probe into alleged corruption involving electronic firm Samsung and the country’s president. Special prosecutors said they raided National Pension Service (NPS) chairman Moon Hyung-pyo’s home on […]
Annuity providers woo retirees despite embargo
Leave a comment and share Chuks Udo Okonta In spite the three month embargo placed on the sales of annuity business, Life insurance operators have continued to court retirees for possible patronage of their products. The operators were seen given out fliers and collecting data of retirees at the 11th […]
Lagos State expends N132.84bn on employees’ pension rights in 9 years
From left: Commissioner Establishments, Training and Pensions Lagos State, Dr. Benson Akintola, presenting a certificate to a retiree; Director-General Lagos State Pension Commission, Folashade Onanuga and Acting Head of Service, Lagos State, Folasade Adesoye at the event. Leave a comment and share Chuks Udo Okonta Lagos State Government has expended […]
Pension exec moved $2B for coke, hookers, bribes
By Jake Pearson A former top official at the country’s third-largest pension fund and two broker-dealers were charged Wednesday in what a federal prosecutor described as a classic bribery scheme that steered $2 billion in trades in exchange for drugs, prostitutes, vacations and U.S. Open tennis tickets. “The hard-earned pension […]
LASPEC boss proffers solution to annuity feud
From left: Director-General Lagos State Pension Commission, Folashade Onanuga, Chairman House Committee on Establishments, Training and Pensions, Adedayo Famakenwa; Commissioner Establishments, Training and Pensions Lagos State, Dr. Benson Akintola and Acting Head of Service, Lagos State, Folasade Adesoye at an event in Lagos. Leave a comment and share Chuks Udo […]
Pensions Regulator needs stronger powers, MPs say
Sir Philip Green is under pressure to pay as much as £350m into the BHS pension scheme MPs have called for the Pensions Regulator to be given much stronger powers to thwart rogue employers who fail to support their pension schemes. The Commons Work and Pensions Committee says the regulator […]
