In a space of a few weeks, the former Vice Chairman of First Guarantee Pension Limited, Hon Nze Chidi Duru, has been arraigned twice in two different courts at two different locations, on criminal charges allegedly committed in the pension industry. Olaoluwakitan Babatunde who has been following developments around the […]
Pension
$15B Hawaii pension fund seeks a consultant for its real estate investments
The Hawaii State Employee Retirement System, which is underfunded and overcommitted by more than $12 billion, is looking for a real estate investment consultant to review the performance of its real estate managers and the overall program, Pacific Business News has learned. The Employees’ Retirement System, which provides retirement allowances […]
NAICOM, PenCom to continue dialogue on annuity transfer
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) and National Insurance Commission (NAICOM) have pledged to continue their dialogue on transfer of annuity assets from life insurers to Pension Fund Custodians (PFCs) in spite the initial deadline which elapsed four days ago. The regulators in […]
Young people’s views of the pension system in Seychelles
During a conference organised earlier this week by the Seychelles Pension Fund (SPF), youth aspirations on the ideal age of retirement was presented by Anaël Bodwell. There was a wide range of views from the Seychelles youth where some saw the need to increase the age of retirement as the […]
Govt may allow partial withdrawal of pension corpus after three years
If all goes well, you may soon be able to withdraw a partial corpus from the National Pension System (NPS) after three years instead of the currently mandated period of 10. The government is considering a proposal to drastically reduce the minimum lock-in period for withdrawing a portion of the […]
In Canada, pension funds lead in responsible investment
Pension plans accounted for 75 per cent in the growth of responsible investing assets, or $374-billion of the almost $500-billion in new assets under management… Read more: GLOBE AND MAIL
Japan pension funds denies investment as sop to Trump
By Agence France-Presse Japan’s public pension fund on Thursday denied a report it will invest in US infrastructure as part of Prime Minister Shinzo Abe’s expected offer to President Donald Trump to help boost US employment. Japan Prime Minister Shinzo Abe (L) an US President Donald Trump (R) (MANILA BULLETIN) […]
Fed Govt remits N13.2b pension contribution
The Federal Government has released N10.3 billion for payment of pension contributions to pensioners, who retired in November and December 2015, The Nation has gathered. The government also released N2.9 billion to be paid to other batches of retirees, bringing the amount released to N13.2 billion. Consequently, the Central Bank […]
Life insurers comply, transfer over N145.05bn annuity fund to PFCs
Leave a comment and share Chuks Udo Okonta Many Life insurance companies have transferred their annuity assets to Pension Fund Custodians (PFCs) in line with directives issued by the National Pension Commission (PenCom) just two days to the deadline, Inspen can report. Our findings revealed that while many have completed […]
Lagos State pays N597m to 148 retirees
From left: Commissioner Establishments, Training and Pensions Lagos State, Dr. Benson Akintola and Director-General Lagos State Pension Commission, Folashade Onanuga at an event in Lagos. Leave a comment and share Chuks Udo Okonta The Lagos state Governor, Akinwunmi Ambode, has continued the payment of retirees’ entitlements by paying another set […]
