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 the event. Leave a comment and share Chuks Udo Okonta Lagos […]
Pension
Photos: Faces at LASPEC’s retirement benefit documentation seminar
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 the event. Participants
Nigeria pension funds look to small businesses for growth
By Chijioke Ohuocha Nigeria’s pension regulator hopes to launch a savings scheme for the country’s widespread small business sector as it seeks ways of persuading a majority of the country’s workforce to put aside funds for their retirement. ADVERTISING inRead invented by Teads Traditionally driven by oil money and with […]
£30bn pension fund moves investment to US as chaos in Europe mounts
After Italian referendum result, a series of upcoming elections across continent look set to be characterised by anti-establishment backlash following years of austerity and growing tension over immigration. By Ben Chapman A £30 billion fund manager is shifting investment to America as Europe lurches from one crisis to another while […]
A pensions time bomb spells disaster for the US economy
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy, which faces dramatic cuts in public services and potentially riots reminiscent of Athens six years ago. Danielle DiMartino Booth is the tough talking former […]
Lagos pays N941m to 228 in November
Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State Pension Commission said it has paid another batch of 228 retirees from the Mainstream Civil Service, Local Governments, and State Universal Basic Education Board (SUBEB), Teachers Establishment and Pensions Office (TEPO) and other parastatals of Government the […]
Legal technicalities must not hamper pension scheme—Acting CJN
Onnoghen The Acting Chief Justice of Nigeria, Justice Walter Onnoghen, says legal technicalities and attitudes of employers and other stakeholders must not hamper the objectives of the pension scheme in Nigeria. Onnoghen, who spoke at a sensitisation workshop on the contributory pension scheme, identified the other stakeholders as Pension Fund […]
Pension funding deficits ‘nearly a third of UK GDP’
The pensions black hole is £110 billion higher than it was at the start of the year Britain’s mammoth funding gap for gold-plated company pensions stands at nearly a third of the country’s economic output despite a £50 billion boost in November. A report by PricewaterhouseCoopers shows the deficit for […]
World’s Biggest Pension Fund Finds New Best Friend in Trump
By Anna Kitanaka President-elect’s shock victory provides tailwind for GPIF Stocks surge and the yen tumbles, benefiting giant investor One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump. The unconventional president-elect’s victory is helping Japan’s giant pension […]
World’s biggest pension fund gains $21b as stocks rally
Japan’s Government Pension Investment Fund returned 1.8% in the three months ended September 30 A coffee shop run by an elderly woman in Tokyo. The Government Pension Investment Fund(GPIF) returned 2.4 trillion yen in the three months ended September 30 as stocks rebounded. TOKYO: The world’s biggest pension fund posted […]
