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 […]
Pension
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 […]
Lagos state pays 4,466 retirees accrued rights of N18.598bn
Mrs. Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State Government through Lagos State Pension Commission (LASPEC) has paid a cumulative sum of N18.598billion Pension Accrued Rights to 4,466 retirees under the Contributory Pension Scheme in fourteen months. A statement by Mrs Ajoke Lawal of Public Affairs […]
Our awards are proves of quality service to clients – 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 event. Leave a comment and share Chuks Udo Okonta The Managing Director/Chief Executive Officer, Premium Pension Limited, Wilson Ideva, says the two awards – Wide […]
