By Allison Lampert MONTREAL (Reuters) – The real estate arm of Canada’s second-largest pension fund manager is looking at India’s logistics sector following the announcement this week of its first investment in the country for more than six years, President Daniel Fournier said on Friday. Ivanhoe Cambridge, the real estate […]
Pension
Kengen to Sell 5% Stake to South African Pension Fund
By James Anyanzwa Kenya’s power producer KenGen will sell a 5.3 per cent stake to the South African Government Employees Pension Fund for $23 million. KenGen says it has entered into an agreement with the Public Investment Corporation SOC Ltd, the Fund’s manager, in which the South African pension scheme […]
We’re ready to release locked up pension funds – NPRA
The National Pensions Regulatory Authority (NPRA) has disclosed that it should be able to release locked up pension funds in the Temporary Pension Fund Account (TPFA) by June this year should the Administrators of the Public sector funds complete the processes of validation. According to the NPRA, the reconciliation of […]
FUG Pensions targets top five position
Suleiman Leave a comment and share Chuks Udo Okonta Having successfully operated for 10 years, award winning Pension Fund Administrator (PFA), FUG Pensions Limited, hopes to be ranked amongst top five in Nigeria’s pension industry. The Managing Director of the PFA, Usman Suleiman, who disclosed this today in an interview […]
Association, financial authorities to launch pension fund campaign
The Indonesian Pension Fund Association (ADPI), in cooperation with the Financial Services Authority (OJK), will hold a nationwide campaign to raise awareness about the importance of pension funds. About 120 million Indonesian workers and college graduates to-be are expected to start investing for their retirement in the next five years, […]
PFAs invest N4.28trn in Fed Govt’s securities
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have invested N4.28 trillion out of the N6.02 trillion pension assets in Federal Government’s securities as at November 2016, Inspen can report. The National Pension Commission (PenCom) said this in the summary of pension fund as at November […]
Pension Entitlements To 13,000 Retirees Gulp N98bn In 2 Years
By ZAKA KHALIQ The federal government has paid a sum of N98 billion as pension entitlements to 13,000 retirees between 2014 and 2016. LEADERSHIP also exclusively gathered at the weekend that pension arrears of the federal government has risen to N184 billion. This means that in the last three years, […]
Pay divorced wife from pension annuities, UK court orders NRI
In an order that may impact divorce battles between NRI couples in the UK, an appeal court there has decided that a pension-sharing provision does not apply to foreign pensions, but directed a man to pay a monthly maintenance to his former wife from its annuities. The order may make […]
1.1 million pensioners die awaiting pension in Kwara – NUP
By John Owen Nwachukwu Nigeria Union of Pensioners, NUP, has claimed that a total of 1,126,000 pensioners in Kwara state alone, have died between January 2015 and February, 2017 awaiting their pensions from the state government. The union accused the state government of being the cause of the death of […]
PenCom eyes N280.77bn to keep pension sector afloat in 2017
Mrs Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says over N280.77 billion is required to settle outstanding pension arrears and current year overheads. Its Director-General, Mrs. Chinelo Anohu-Amazu, said this in a memorandum submitted to the National Assembly Joint Committee on appropriations at […]
