Executives of PenOp Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) wants to recruit a researcher that will help expand its technical capabilities, Inspen has learnt. The Chairman, Eguarekhide Longe, who disclosed this, said the association has also commenced the process of […]
Pension
Kenya’s Biggest Pension Fund Turns to Private Equity for Returns
.National Social Security Fund also mulls investments abroad .Fund’s change in focus comes after returns of 3% in 2015 Kenya’s largest pension fund is turning to private equity and seeking investments abroad to boost returns rather than relying on a traditional strategy of buying and holding assets. “We try our […]
Low investment returns taking a toll on U.S. pension funds
SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The funds, […]
Low investment returns taking a toll on U.S. pension funds
SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY Reuters For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The […]
Lagos Pays N891 million to 324 retirees
Mrs Onanuga The Lagos State Government has again, paid the sum of N891 million to 324 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education and other Parastatals of government for the month of July, 2016. Speaking at the 29th Retirement Benefit Bond Presentation Ceremony which took […]
California teacher pension fund grew 1.4 percent last year
California’s teacher pension system says its investments earned 1.4 percent in the last fiscal year. The figure released Tuesday falls short of the 7.5 percent target for the California State Teachers’ Retirement System. But CalSTRS officials say they’re still on track to pay down the system’s unfunded liability by 2046, […]
Octagon Pension Services is helping Kenyans to prepare for retirement
Although Kenya’s pensions sector has enjoyed strong growth in recent years, the majority of workers are still not planning for retirement. Octagon Pension Services is working to address this The value of the Kenyan pension industry is projected to hit $10bn in 2016, according to industry regulator the Retirements Benefits […]
Malaysia’s $30 Billion Fund Goes Long as Islamic Plan Progresses
Fund considering cutting annual return target, CEO says Seeks to increase Shariah-compliant component from current 55% Malaysia’s second-largest pension fund plans to buy more bonds with maturities of 10 years and above to hedge against another interest-rate cut as it moves further toward becoming a full-fledged Islamic entity. Kumpulan Wang […]
New mobile app for National Pension System subscribers
Pension Fund Regulatory and Development Authority (PFRDA) has introduced new features for the benefit of National Pension System (NPS) subscribers, including a mobile app. According to the statement, through the mobile app, ‘NPS by NSDL e-Gov’, subscribers can raise a request for transaction statement for a particular financial year that […]
Supporting Pensions With Taxpayer Dollars Is A Slippery Slope
Thousands of pension plans currently sit underfunded and many people are already looking to Congress to shore up the funds. U.S. Senator Mike Enzi, R-Wyo., is worried that government support for any one pension fund could set a dangerous precedent that could cost lots of taxpayer dollars. Enzi spoke specifically […]
