From left: The Managing Director AIICO Pension Managers Limited (APML), Mr. Eguarekhide Longe, APML’s Brand Ambassador, Ms. Joke Silva, resident of the Old Peoples Home, Director General Lagos State Pension Commission, Mrs. Folasade Onanuga and Coordinator Old Peoples Home, Mrs. Agnes Feyisara Olaore during the unveiling ceremony of CSR projects […]
Pension
Insurers trail PFAs in retirement benefits business
Pension operators .PW 132,405 .Annuity 29,620 Leave a comment and share Chuks Udo Okonta Life insurance operators have continued to trail behind Pension Fund Administrators (PFAs) in retirement benefits business as retirees under Programmed Withdrawal (PW) stood at 132,405 and annuity 29,620 as at the end of March 2016. The […]
‘Lack of funding threatening CPS’
Olowosuko Funding pitfalls that affected the Defined Benefit Scheme (DBS) may threaten the Contributory Pension Scheme (CPS) if the Federal Government does not pay accrued pension rights, experts have said. They spoke at the 2015 Nigerian Insurance and Pension Awards organised by Inspenonline in Lagos. The experts condemned a situation […]
Pension funds cut to bone in more provinces
An elder shows her social security card in Nantong city, Jiangsu province, March 30, 2016. [Photo/IC] China’s pension insurance balance of urban employees and urban and rural residents added up to four trillion, according to the Annual Report on Social Security Development 2015, Southern Metropolis Daily reported on Monday. Issued […]
UN’s $54 Billion Pension Fund in Power Struggle Over New Rules
Fund pays out $2.3 billion annually in 15 different currencies Over past decade, UN fund has performed in line with Calpers The United Nations needs some financial peacekeepers. A dispute over whether new regulations governing the $54 billion UN Joint Staff Pension Fund will result in higher fees paid to […]
FG should show moral, political will in implementing PRA 2014 – Expert
Takor Leave Comment and share Chuks Udo Okonta The Federal Government has been charged to show moral and political will towards the implementation of the Pension Reform Act (PRA) 2014. A Former Board Member, National Pension Commission(PenCom) Ivor Takor, said this at the 2015 Nigerian Insurance and Pension Awards organised […]
‘Include free health care in pension scheme’
Olowosuko By Nike Popoola The Director-General, Ondo State Pension Commission, Mr. Jaiyeola Olowosuko, has urged operators of the Contributory Pension Scheme to include free health care in the package for its subscribers when they retire. Olowosuko said this during the Nigerian insurance and pension awards with the theme: ‘Robust pension […]
LASPEC, FBNInsurance others win Inspenonline awards
From left: Managing Director Plum Insurance Brokers Limited, Mrs Laide Osijo; Director, Centre for Pension Right Advocacy, Mr Ivor Takor; Director General Lagos State Pension Commission, Mrs Folashade Onanuga and the Director General Ondo State Pension Commission, Mr Jaiyeola Olowosuko at the 2015 Nigerian Insurance and Pension Awards in Lagos. […]
List of winners of 2015 Nigerian Insurance & Pension awards
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 […]
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; […]
