From left: Usman Suleiman (MD – FUG Pensions/PenOp EXCO), Nehizenah Ibhawoh (Company Secretary), Titi Lawani (MD – Progress Trust CPFA/PenOp Vice President), Nkemi Oni-Egboma (MD – Zenith PFC/PenOp Treasurer) and Susan Oranye (PenOp Executive Secretary). Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria […]
Pension
South Korea pension picks BlackRock, Grosvenor to manage hedge fund investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016. NPS, which plans to begin investing in hedge funds this year, plans to entrust BlackRock Financial Management […]
FG securities gulp N3.68trn pension funds as at March
Leave a comment and share Chuks Udo Okonta Federal Government’s securities have continued to attract more funds from the Contributory Pension Scheme (CPS) as N3.68 trillion out of the N5.46 trillion total assets, were invested in bonds and treasury bills in March 2016. The National Pension Commission (PenCom) in its […]
Poland targets private funds in biggest pension shakeup since 1999
By Marcin Goclowski and Jakub Iglewski Poland announced on Monday the biggest shakeup of its pension system in nearly two decades, with plans to convert state-guaranteed private pension funds into mutual funds and to transfer some of their assets into state custody to cut public debt. The economy ministry said […]
PenCom wants evidences of pension compliance in coy’s financial statements
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) is pushing for the publications of evidences of compliance with the Pension Reform Act (PRA) 2014 in companies’ financial statements, Inspen can report. The Commission said it is working with the Financial Reporting Council (formerly Nigeria Accounting […]
PenCom forms alliances to enhance pension compliance
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in recent times has been exploring measures to deepen the pension industry, especially by collaborating with other organisations to ensure pension laws are obeyed and enforced. Inspen gathered that the commission had collaborated with relevant agencies and […]
29,458 firms exit contributory pension scheme – PenCom
Director-General PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said 29,485 companies with less than three employees which were registered with Pension Fund Administrators (PFAs) under the Contributory Pension Scheme (CPS) had either been liquidated or ceased to exist. PenCom […]
Pension Fund Regulator Scouting For Tax Consultant For 2016-17
New Delhi: Pension fund regulator PFRDA is scouting for a tax consultant for the fiscal 2016-17 to advise it on all the taxation related issues. The consultant would be advising PFRDA on issues related to “tax deducted at source, service tax, GST (when enacted), any other tax related issues, including […]
Pensioners are being denied their savings: Can the law be changed to set things right?
By Ra’eesa Patherfiled A case in the Johannesburg high court could pave the way for R28.7-billion to be freed up for pensioners left in limbo. A pension fund with millions in unclaimed benefits has challenged the high court in Johannesburg: change the law so that the money can be distributed […]
Tanzania Taps Informal Sector to Boost Nation’s Pensions
Targets growth of 15% from last year’s 2.27 billion shillings Nation may allow funds to invest around East African bloc Tanzania’s pension regulator is looking to the nation’s vast informal sector for growth by introducing flexible products that can fit the irregular nature of income for people such as farmers. […]
