By Frances Schwartzkopff Danish regulator warns of new fundamental risk after reforms FSA in Copenhagen has called for talks to address the issue No country on the planet is better prepared to pay for its aging population than Denmark. But a nation whose pension industry has been ahead of the […]
Pension
Police retirees to get 33% pension
By Gregory Mmaduakolam The Pension Transitional Arrangement Directorate (PTAD) has assured the House Committee on Pension that it would pay additional 33 per cent arrears to police retirees to bring it at par with other pension departments. The Executive Secretary of PTAD, Sharon Ikeazor, said this when the committee members […]
Custody of Annuity Fund: PenCom, NAICOM fight over fees, commission
As the controversy over the custody of Retiree Life Annuity fund between the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) rages on, stakeholders are of the opinion that both regulators are not having the interest of retirees or life insurers at heart. They are only fighting for […]
Local pension funds will be allowed to invest in stocks
Local pension funds will be allowed to invest in stocks Pensioners gather for a Peking Opera-based group activities at a pension center in Yanjiao, Hebei province. [Photo/China Daily] Low returns on bonds and deposits, plus aging population, raise questions whether they will be able to pay obligations China will likely […]
Customer service tool to unlock micro pension
Leave a comment and share The quest to enroll over 50 million workers in the informal sector into Contributory Pension Scheme (CPS) using Micro Pension initiative, remains a task for National Pension Commission (PenCom) and pension operators. Chuks Udo Okonta in this report, examines the role of customer service in […]
Pensioners seek release of N51b accrued right
Pensioners The Nigeria Union of Pensioners (NUP) has urged the Federal Government to release N51 billion accrued right to enable the National Pension Commission (PenCom) to live up to its mandate to pay retirees. Its President, Mr Abel Afolayan said the problem of late payment to pensioners was caused by […]
PFAs woo subscribers with new rule on annuity
Leave a comment and share Chuks Udo Okonta Some Pension Fund Administrators (PFAs) are already reaching out to Retirement Saving Account (RSA) holders to position themselves for opportunities to be created by the circular on Strengthening the Administration of Retirement Benefits under the Pension Reform Act (PRA) 2014, issued recently […]
Premium Pension pays N113bn to retirees
Retirees By Gregory Mmaduakolam The management of Premium Pension Limited says it holds more than 744,000 contributory Retirement Savings Account (RSA) of retirees and has paid N112.9 billion as pension. Mr Wilson Ideva, the company’s Managing Director, announced this in a statement by Paddy Ezeala, Head, Corporate Communications of the […]
Why annuity assets should be transferred to PFCs – PenCom
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says the decision to move annuity assets from life insurance companies to Pension Fund Custodians (PFCs) is to ensure consistency with Pension Reform Act (PRA) 2014 and strengthen the processing of administration of retirement benefits. PenCom disclosed […]
N.J. pension bill would give more rights to public workers’ spouses
By Samantha Marcus TRENTON — Public workers who want to cut their spouses out of inheriting their pensions to maximize benefits would have to get the loved one’s permission under a bill before the state Legislature. The bill (S642), aimed at members of the Teachers’ Pensions and Annuity Fund, the […]
