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 […]
Pension
PenCom scolds PFAs over redeployment of HODs
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has charged Pension Fund Administrators (PFAs) to obtain approval before redeploying Head of Departments from one department to another. The Commission in a circular entitled: Recruitment of Top Management/Redeployment of Head of Department, issued on November 2, […]
PTAD collaborating with EFCC to fight pension fraud — Ikeazor
Ikeazor The Pension Transitional Arrangement Directorate is collaborating with the Economic and Financial Crimes Commission and other government agencies to fight fraud in pension administration. The Executive Secretary of PTAD, Sheron Ikeazor, made the statement in Abuja on Wednesday at the News Agency of Nigeria Forum. Ikeazor said: “I call […]
Regulators meeting on annuity fails to hold
Leave a comment and share Chuks Udo Okonta The planned meeting between the National Insurance Commission (NAICOM) and National Pension Commission (PenCom) earlier scheduled for today, has been postponed, Inspen has learnt. It was gathered that the insurance regulators, NAICOM, requested for postponement of the meeting, which new date is […]
FG considers pension review for Armed Forces
FIdelis Soriwei The Minister of Defence, Mansur Dan-Ali, has said the Federal Government is considering pension review for military pensioners in the country. He said that the review became necessary in view of the constitutional provision which stipulates that pension should be reviewed every five years. The minister made the […]
NAICOM meets PenCom tomorrow over annuity transfer
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) will tomorrow have a meeting with National Pension Commission (PenCom) over the mandate given to life insurers to transfer annuity assets in their kitty to Pension Fund Custodians (PFCs), Inspen can report. The meeting which was initiated […]
Trump, Brexit, and The Clash: 12 things you need to know about the pensions time bomb
With workers being told they’ll be poorer in retirement than they had originally planned and rife uncertainty in global markets thanks to The Donald and Brexit, can you blame thousands of people paying into company pensions asking: Should I stay, or should I go now? SHARE Specifically, they are wondering […]
World’s Best-Funded Pension Market Has a $650 Billion Warning
By Frances Schwartzkopff Danish regulator warns of new fundamental risk after reforms FSA in Copenhagen has called for talks to address the issue No country on the planet is better prepared to pay for its aging population than Denmark. But a nation whose pension industry has been ahead of the […]
Police retirees to get 33% pension
By Gregory Mmaduakolam The Pension Transitional Arrangement Directorate (PTAD) has assured the House Committee on Pension that it would pay additional 33 per cent arrears to police retirees to bring it at par with other pension departments. The Executive Secretary of PTAD, Sharon Ikeazor, said this when the committee members […]
Custody of Annuity Fund: PenCom, NAICOM fight over fees, commission
As the controversy over the custody of Retiree Life Annuity fund between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) rages on, stakeholders are of the opinion that both regulators are not having the interest of retirees or life insurers at heart. They are only fighting for […]
