Pension

Pension

PenCom boss tasks pension fund operators on product diversification

Mrs Chinelo Anohu-Amazu Mrs Chinelo Anohu-Amazu, Director-General, National Pension Commission,(PenCom) has charged operators of pension fund to derive ways of developing products that they invested in the country. Anohu-Amazu said this while speaking on the Role of Regulators in Deepening Capital Market at the 2016 Business Day Capital Market Conference […]

Pension

Lagos pays N1.002bn to 275 retirees

Mrs Onanuga Leave a comment and share Chuks Udo Okonta The Lagos State government has issued Retirement Benefit Bond Certificates to the tune of N1.002, 856 billion to another set of 275 retirees from the Mainstream, Local Government, SUBEB, TEPO and Parastatals of Government, under the Contributory Pension Scheme (CPS) […]

Pension

California pension fund CEO sentenced for bribery

A federal judge Tuesday sentenced the former head of the nation’s largest public pension fund to four and 1/2 years in prison in a case in which the pension fund CEO acknowledged accepting more than $200,000 in bribes and trying to steer investments to help an associate. Senior U.S. District […]

Pension

$45.5b pension funds set to play stock market in Aug

As much as 300 billion yuan ($45.5 billion) in pension funds are expected to march into the stock market in August, as China’s huge social security fund is closing up its hiring by June, Securities Daily reported on Wednesday. The National Council for Social Security Fund, the agency that oversees […]

Pension

FG to relax pension rules to aid investment

Mrs Adeosun Leave a comment and share Chuks Udo Okonta and agency report The Federal Government plans to relax the rules guiding the pension funds to pave way for investments, the Minister of Finance, Mrs Kemi Adeosun, has said. The Minister said this when she appeared before the House of […]

Pension

Things to do to protect your retirement income

Uchenna Ndimele, Quantitative Financial Analytics Comfortable retirement is the desire of many and almost all retirement services company websites have calculators that will give you an idea of how much you are likely to have at retirement based on certain actuarial assumptions. More often than not, things do not end […]

Pension

Whistle blowing: PenCom chases errant employers with EFCC

Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has approached the Economic and Financial Crimes Commission (EFCC) to prosecute employers that victimised employees for blowing whistle on non-remittances of their pension contributions. PenCom in a submission made to the National Assembly, said it has been […]