From left: Head, Investment Supervision Department, National Pension Commission (PenCom), Ehimeme Ohioma; Commissioner Inspectorate Prof. Mohammed Abubakar and Head, Benefits and Insurance, Olulana Loyinmi at the event. Leave a comment and share Chuks Udo Okonta The quest to attract pension funds to develop the nation’s power sector may be stalled […]
Pension
Recession: Dismissed workers scramble for pension fund as 177,284 get benefits
From left: President, National Association of Insurance and Pension Correspondents, Mrs Omobola Tolu-Kusimo; Commissioner Inspectorate PenCom, Prof. Mohammed Abubakar; Chairman, Finance Correspondents Association of Nigeria, Babajide Komolafe; Chairman of Abuja breach of FICAN, Simeon Ogoegbunam; and President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide at the event. Leave […]
PenCom eyes micro pension to attain 20m subscribers by 2019
From left: President, National Association of Insurance and Pension Correspondents, Mrs Omobola Tolu-Kusimo; Commissioner Inspectorate PenCom, Prof. Mohammed Abubakar; Chairman, Finance Correspondents Association of Nigeria, Babajide Komolafe; Chairman of Abuja breach of FICAN, Simeon Ogoegbunam; and President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide at the event. Leave […]
German $82 Billion Pension Giant Seeks Outside Help to Grow
Bayerische Versorgungskammer, Germany’s biggest pension fund, is hiring more external managers as it diversifies away from low-yielding government and covered bonds. “We will invest more in assets such as high-yield, emerging-market debt and infrastructure where we rely on external experts,” Andre Heimrich, who helps oversee 75 billion euros as BVK’s […]
Transfer window, micro pension force PFAs to rejig operations
Director-General PenCom, Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The race to capture large pension subscribers through the proposed transfer window and micro pension, have forced Pension Fund Administrators (PFAs) to reposition their operations, Inspen can report. Investigations by Inspen revealed that many of the operators […]
German Pension Giant Seeks Outside Help to Grow $82 Billion Fund
Bayerische Versorgungskammer steers clear of zero-yield bonds Specialist third-party managers needed to diversify assets Bayerische Versorgungskammer, Germany’s biggest pension fund, is hiring more external managers as it diversifies away from low-yielding government and covered bonds. “We will invest more in assets such as high yield, emerging-market debt and infrastructure where […]
Tanzania’s Pension Funds Urged to Invest in Sugar Sector
By Apolinari Tairo Tanzania’s pension funds are targeting agro-industries to raise the annual production of sugar. The government has directed social security providers with a strong capital base to invest in the sugar industry to plug a shortage in the country. Meeting in Arusha last week, pension funds managers resolved […]
Illinois teachers’ pension fund eyes 14.5 percent payment hike for state
Illinois’ biggest public worker pension fund said on Friday its board gave initial approval to a state contribution of $4.56 billion in fiscal 2018, a 14.5 percent increase over the current fiscal year. Teachers’ Retirement System (TRS) said the higher payment would still fall $2.31 billion below what the state […]
Kazakhstan to hire managers for part of $20 bln pension fund
Kazakhstan’s central bank plans to start hiring foreign asset managers next year to run the foreign-currency denominated part of the Central Asian nation’s $20 billion pension fund, a bank official said on Friday. Nurzhan Tursunkhanov, head of the pension asset management division at the central bank, said that about 21 […]
Labour unions give govt 21-day ultimatum over second-tier pension funds
Isaac Addo CHARLES ANDOH Twelve labour unions have given the government a 21-day ultimatum to pay their second-tier pension funds into their custodian account lodged with the Bank of Ghana (BoG). They have, therefore, threatened to embark on a nationwide strike, if the government fails to accede to their demands […]
