A national survey on the Contributory Pension Scheme established over a decade ago by the Federal Government has revealed the dissatisfaction of some stakeholders with the implementation of the scheme. In the survey conducted by the News Agency of Nigeria (NAN) across states of the federation, some respondents however, commended […]
Pension
New Nigerian company ‘to boost pension fund investments in infrastructure’
A new company that will enable pension funds to invest in Nigerian infrastructure bonds is set to be launched in a few weeks’ time, the head of the country’s sovereign wealth fund has said.10 Jan 2017 Energy and infrastructure finance Projects Infrastructure Financial Services Africa Western Africa Uche Orji, chief […]
Ogun federal retirees groan over unpaid pensions, gratuities
Federal retirees in Ogun on Tuesday lamented the hardships they are facing due to non-payment of their pensions and gratuities. Addressing a news conference in Abeokuta, the retirees, under the auspices of the Contributory Pensioners Association of Nigeria (COPAN), said they had been neglected. The leader of the association, Mr […]
Canadian pension funds may pump $3 billion into Maharashtra
By Krishna Kumar Canadian pension funds, armed with $3 billion, may soon invest in the development of Maharashtra. The Canadian government is in talks with officials in Maharashtra to deploy its pension funds for creating a water grid, financing the housingfor-all schemes, helping the upcoming International Finance Centre at BKC, […]
FG budgets N103.07m pension for State House Hqters staff
Buhari Leave a comment and share Chuks Udo Okonta The Federal Government has budgeted N103,065,827 million as 2017 pension contributions for staff of State House Headquarters, Inspen can report. The amount is contained in the 2017 proposed budget presented by President Muhamadu Buhari to the National Assembly. Recall the Federal […]
Businesses must find £10bn a year to cover Brexit pension shortfall, report says
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 […]
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 […]
