The League of Federal Service Contributory Pension Retirees says the Federal Government will need N204 billion to clear the backlog of arrears owed its members. Got something awesome to share with the world? Click here to share The Coordinator, Mr. Chike Ogbechie, who decried the non-payment of allowances and pensions […]
Pension
Annuity funds feud: Clue from PRA 2014 Section 116 (1)
Notwithstanding the provisions of any other law, no pension funds or assets kept with a Pension Fund Custodian under this Bill shall be used to meet the claims of any of the Pension Custodian’s creditors in the event of liquidation of the Pension Fund custodian and neither shall the pension […]
Nigerian Pension Funds Outperform Bench Mark Index but not inflation
Nigerian pension funds once again recorded another year of brilliant performance in 2016 roundly beating the NSE Pension Index by wide margins. The NSE Pension index ended the year 2016 at 810.04 points from its 2015 value of 815.16 points, thereby ending the year down by 5.13 points or -0.63%. […]
Lecturers’ pension fund enrols with Macquarie’s green bank bid
By Mark Kleinman, City Editor One of Britain’s biggest pension funds has signed up to an Australian-led bid for the UK’s Green Investment Bank (GIB) as it seeks to burnish its credentials amid growing political rancour. Sky News has learnt that the Universities Superannuation Scheme (USS), which manages the retirement […]
First Guarantee v. Nze Chidi Duru: One Week, One Trouble?
In a space of a few weeks, the former Vice Chairman of First Guarantee Pension Limited, Hon Nze Chidi Duru, has been arraigned twice in two different courts at two different locations, on criminal charges allegedly committed in the pension industry. Olaoluwakitan Babatunde who has been following developments around the […]
In a space of a few weeks, the former Vice Chairman of First Guarantee Pension Limited, Hon Nze Chidi Duru, has been arraigned twice in two different courts at two different locations, on criminal charges allegedly committed in the pension industry. Olaoluwakitan Babatunde who has been following developments around the […]
$15B Hawaii pension fund seeks a consultant for its real estate investments
The Hawaii State Employee Retirement System, which is underfunded and overcommitted by more than $12 billion, is looking for a real estate investment consultant to review the performance of its real estate managers and the overall program, Pacific Business News has learned. The Employees’ Retirement System, which provides retirement allowances […]
NAICOM, PenCom to continue dialogue on annuity transfer
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and National Insurance Commission (NAICOM) have pledged to continue their dialogue on transfer of annuity assets from life insurers to Pension Fund Custodians (PFCs) in spite the initial deadline which elapsed four days ago. The regulators in […]
Young people’s views of the pension system in Seychelles
During a conference organised earlier this week by the Seychelles Pension Fund (SPF), youth aspirations on the ideal age of retirement was presented by Anaël Bodwell. There was a wide range of views from the Seychelles youth where some saw the need to increase the age of retirement as the […]
Govt may allow partial withdrawal of pension corpus after three years
If all goes well, you may soon be able to withdraw a partial corpus from the National Pension System (NPS) after three years instead of the currently mandated period of 10. The government is considering a proposal to drastically reduce the minimum lock-in period for withdrawing a portion of the […]
