By Jake Pearson A former top official at the country’s third-largest pension fund and two broker-dealers were charged Wednesday in what a federal prosecutor described as a classic bribery scheme that steered $2 billion in trades in exchange for drugs, prostitutes, vacations and U.S. Open tennis tickets. “The hard-earned pension […]
Pension
LASPEC boss proffers solution to annuity feud
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 an event in Lagos. Leave a comment and share Chuks Udo […]
Pensions Regulator needs stronger powers, MPs say
Sir Philip Green is under pressure to pay as much as £350m into the BHS pension scheme MPs have called for the Pensions Regulator to be given much stronger powers to thwart rogue employers who fail to support their pension schemes. The Commons Work and Pensions Committee says the regulator […]
PTAD verifies 4,000 pensioners in northeast
Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Sharon Ikeazor (L) interacting with a pensioner during the on-going Pension Verification Exercise in Yola. By Edith Nwapi The Pension Transition Arrangement Directorate (PTAD) has carried out the verification of 4,370 pensioners in four states of the troubled North East zone. The Public […]
Lagos State pays N21.93bn pension accrued rights in 16 months
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 […]
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 […]
