From left: Director General Lagos State Pension Commission, Mrs Folashade Onanuga; Managing Director Plum Insurance Brokers Limited, Mrs Laide Osijo; Director, Centre for Pension Right Advocacy Mr Ivor Takor and Former Director General Chartered Insurance Institute of Nigeria Adegboyega Adepegba at the event. Insurance company of the year: FBNInsurance limited […]
Pension
Lagos, nine other states remitting workers’ pension contributions – PenCom
Pension operators Leave a comment and share Chuks Udo Okonta Only 10 out of the 36 states in the country are remitting pension contributions into the Retirement Savings Accounts of their employees, the National Pension Commission (PenCom) has said. The states according to PenCom are: Anambra; Delta; Lagos; Kaduna; Niger; […]
159,361 disengaged Nigerian workers get N49.55bn pension benefits
Disengaged workers Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said since the inception of the Contributory Pension Scheme (CPS), N49.55 billion has been paid to 159,361 disengaged Nigerian workers who could not secure a new job after four months. PenCom stated this in its […]
FG securities gulp N3.87trn pension funds
Mrs Chinelo Anohu-Amazu .Assets N5.73trn in June 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 N3.87 trillion out of the N5.73 trillion total fund assets, were invested in bonds and treasury bills in June […]
You are invited to the 2015 Nigerian Insurance and Pension Awards
All is set for the 2015 Nigerian Insurance & Pension Awards. Our friends are all invited to this glorious event that will help deepen pension and insurance in Nigeria. Experts to brainstorm on creating robust pension benefits for retirees How to create a robust pension benefits for retirees would be […]
FG withholds pension remittances since October 2015
DG PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The Federal Government’s inability to remit pension contributions in the last 11 months, has heightened apprehension amongst the public who do not want a return to the ugly period that led to the introduction of the Contributory […]
PenOp hunts for researcher
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 […]
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 […]
