Nigeria will host the third edition of the World Pension Summit “Africa Special” (WPS ‘‘Africa Special’’), on 27 – 28 September 2016 at the Transcorp Hilton Hotel Abuja, Nigeria. This was made known at the WPS ‘‘Africa Special’’ press conference which held at the Zen garden, Lagos. The press conference […]
Pension
77% of RSA holders are young workers – PenCom
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says about 77 per cent of the over 7 million Retirement Saving Account (RSA) holders were below 50 years. PenCom in a report, noted that analysis of the age distribution of RSA holders revealed […]
Imo govt approves N1.2bn for payment of August pension
Okorocha The Imo State government says it has approved the sum of N1.2 billion for immediate payment of pensions for the month of August 2016. The Commissioner for Internally Generated Revenue and Pensions Matters, Ifeanyi Ararume, disclosed this in Owerri the Imo State capital. He also said the state, Governor […]
Stakeholders berate CPA over allegations against PenCom
By Precious John-Aziken STAKEHOLDERS in the nation’s Pension sector, have raised alarm over alleged plots by vested interests to destroy the gains of the Contributory Pension Scheme, CPS, and its regulator; National Pension Commission, PenCom, urging workers and pensioners to be wary of the antics of such vested interests. Do […]
Pension Funds Growth: Slow and Steady
Inspite of the turbulent market amidst continuous “devaluation” of the Naira, unstable crude oil prices and ever increasing inflation rate, pension funds in Nigeria have continued to garner performance gains month after month, howbeit small. With only three out of the ten market indices in Nigeria showing signs of YTD […]
Federal government retirees also need bailout
Takor One of the challenges facing Nigeria as a nation is that Nigeria is a country of laws but not under the law. We have very laudable policies and laws, without the political will to implement the policies and enforce the laws. The Punch Newspaper of Thursday July 14, 2016 […]
UK company pension insurance deals drop 39 pct in H1 -Aon Hewitt
UK bulk annuity company pension deals totalled 2.7 billion pounds ($3.53 billion) in the first half of 2016, down 39 percent from a year earlier, consultants Aon Hewitt said on Tuesday. Pricing of the deals, which involve insurers taking on the risk of company defined benefit, or final salary, pension […]
Lagos State pays N918.703m to 180 retirees
Mrs Onanuga and Lawal receiving the award. Leave a comment and share Chuks Udo Okonta The Lagos State Government in the month of August, 2016 paid pension entitlements worth N918.703 million to 180 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and […]
Disengaged junior workers get lion share of N49.55bn pension benefits
DG PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta Greater parts of the N49.55 billion pension benefits paid by Pension Fund Administrators (PFAs) to disengaged workers went to junior staff, Inspen has learnt. The National Pension Commission (PenCom) said since the inception of the Contributory Pension […]
It is pleasurable preparing people for retirement – IEI-Anchor pensions boss
President, National Association of Insurance and Pension Correspondents (NAIPCO) Modestus Anaesoronye; Managing Director IEI-Anchor Pension Managers Limited, Glory Etaduovie; Head Business Development and Strategy, Jolaade Oduntan and Zonal Manager, Lagos, Cyril Ojo at the annual general meeting of NAIPCO in Lagos. The Managing DIrector, IEI-Anchor Pension Managers Limited, Glory Etaduovie, […]
