Onnoghen The Acting Chief Justice of Nigeria, Justice Walter Onnoghen, says legal technicalities and attitudes of employers and other stakeholders must not hamper the objectives of the pension scheme in Nigeria. Onnoghen, who spoke at a sensitisation workshop on the contributory pension scheme, identified the other stakeholders as Pension Fund […]
Pension
Pension funding deficits ‘nearly a third of UK GDP’
The pensions black hole is £110 billion higher than it was at the start of the year Britain’s mammoth funding gap for gold-plated company pensions stands at nearly a third of the country’s economic output despite a £50 billion boost in November. A report by PricewaterhouseCoopers shows the deficit for […]
World’s Biggest Pension Fund Finds New Best Friend in Trump
By Anna Kitanaka President-elect’s shock victory provides tailwind for GPIF Stocks surge and the yen tumbles, benefiting giant investor One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump. The unconventional president-elect’s victory is helping Japan’s giant pension […]
World’s biggest pension fund gains $21b as stocks rally
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 […]
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 […]
