In 2016 Q2, the total assets of non-governmental pension funds (NPFs) and pension savings of the Russian Pension Fund (PFR) increased by 3.8% to 4.989 trillion rubles (more than 6% of GDP). These data are given in the Survey of key indicators of non-governmental pension funds published on the Bank […]
Pension
PenOp seeks flexible guidelines for micro pension
Oranye Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) has called on the National Pension Commission (PenCom) to come out with flexible guidelines that would help drive the envisaged micro pension initiative. Its Executive Secretary, Susan Oranye, said this in an interview, […]
Stanbic IBTC Pension Managers wins ICT award, thanks customers
Leave a comment and share Chuks Udo Okonta Stanbic IBTC Pension Managers Limited, Nigeria’s largest pension fund administrator (PFA), says customers’ support was instrumental for winning the Africa Pension Awards’ ICT Innovation Operator award for 2016. The award, presented at the recently held World Pension Summit in Abuja, was in […]
PFAs are not in business primarily to finance projects – Longe
President, Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe and Executive Secretary, Susan Oranye at an event. Leave a comment and share Chuks Udo Okonta The President, Pension Fund Operators Association of Nigeria (PenOp), Longe Eguarekhide, has said Pension Fund Administrators (PFAs) main objective is not development financing but […]
PenCom woos state governments with housing project
Mrs. Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) hopes to attract state governments that are yet to embrace the Contributory Pension Scheme (CPS) with the proposed houses to be constructed for pension contributors. According to the Director-General of PenCom, Mrs. Chinelo Anohu-Amazu, […]
Pension operators ‘ll not gamble with contributors funds – Ideva
Ideva Leave a comment and share Chuks Udo Okonta In spite pressure on pension industry regulator and operators to make funds available for infrastructural development, the Managing Director, Premium Pension Limited, Wilson Ideva, says Pension Fund Administrators (PFAs) would never gamble with contributors funds kept in their custody. He told […]
Report: State-run pension systems in U.S. underfunded by $1.2 trillion
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 […]
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 […]
