Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) hopes to attract state governments that are yet to embrace the Contributory Pension Scheme (CPS) with the proposed houses to be constructed for pension contributors. According to the Director-General of PenCom, Mrs. Chinelo Anohu-Amazu, […]
Pension
Pension operators ‘ll not gamble with contributors funds – Ideva
Ideva Leave a comment and share Chuks Udo Okonta In spite pressure on pension industry regulator and operators to make funds available for infrastructural development, the Managing Director, Premium Pension Limited, Wilson Ideva, says Pension Fund Administrators (PFAs) would never gamble with contributors funds kept in their custody. He told […]
Report: State-run pension systems in U.S. underfunded by $1.2 trillion
In this Sept. 24, 2013 photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas. (AP Photo/LM Otero, File) State-run pension systems across the country were underfunded by $1.2 trillion last year and are […]
Chile relaxes pension fund investment rules
By Raul Zorrilla Chile’s congress approved the so-called productivity bill, which opens up new investment alternatives for local pension funds. Under the legislation, 5-15% of a pension fund’s value can be invested in non-traditional assets. As of June, this could equate to up to US$25bn if all funds invest the […]
Pension operators consider investment in power projects
President, Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe and Executive Secretary, Susan Oranye at an event in Abuja. Leave a comment and share Chuks Udo Okonta Barring last minute disagreement, some chunk of pension funds will soon be injected into some power plants projects being conceived by some […]
Stanbic IBTC Pension Managers canvasses early retirement plan
Leave a comment and share Chuks Udo Okonta Planning for retirement should commence from the first day the individual starts working. Taking this decision may seem disheartening at the onset, but with the help of an experienced pension professional, the process is made easy. As retirement approaches, the individual will […]
FG To Float Bond To Offset Pension Arrears
DG PenCom, Mrs. Chinelo Anohu-Amazu By Zaka Khaliq The federal government is seriously considering the bond option in the next couple of weeks to offset the over N90 billion accumulated pension liabilities owed workers under the Contributory Pension Scheme (CPS). A reliable source in the Presidency told LEADERSHIP that due […]
Why govt is yet to access pension fund for infrastructure – PenOp
President, Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe and Executive Secretary, Susan Oranye at an event in Abuja. Leave a comment and share Chuks Udo Okonta Government inability to draw clear strategy for infrastructural financing has been identified as a reason for its failure to attract much funds […]
Why we pay retirees on 19th of every month – Ideva
Executive Director, Business Development & Investment, Premium Pension Limite, Kayode Akande; Managing Director/Chief Executive Officer, Wilson Ideva and Head, Corporate Communications, Paddy Ezeala at the the firm’s head office in Abuja. Leave a comment and share Chuks Udo Okonta The Managing Director, Premium Pension Limited, Wilson Ideva, says the decision […]
PenCom tackles corruption with houses for workers
Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) hopes to stem unwholesome practices in the country through provision of houses for workers, Inspen has learnt. It was gathered that the commission is presently working with different government ministries to see that the […]
