UK bulk annuity company pension deals totalled 2.7 billion pounds ($3.53 billion) in the first half of 2016, down 39 percent from a year earlier, consultants Aon Hewitt said on Tuesday. Pricing of the deals, which involve insurers taking on the risk of company defined benefit, or final salary, pension […]
Pension
Lagos State pays N918.703m to 180 retirees
Mrs Onanuga and Lawal receiving the award. Leave a comment and share Chuks Udo Okonta The Lagos State Government in the month of August, 2016 paid pension entitlements worth N918.703 million to 180 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and […]
Disengaged junior workers get lion share of N49.55bn pension benefits
DG PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta Greater parts of the N49.55 billion pension benefits paid by Pension Fund Administrators (PFAs) to disengaged workers went to junior staff, Inspen has learnt. The National Pension Commission (PenCom) said since the inception of the Contributory Pension […]
It is pleasurable preparing people for retirement – IEI-Anchor pensions boss
President, National Association of Insurance and Pension Correspondents (NAIPCO) Modestus Anaesoronye; Managing Director IEI-Anchor Pension Managers Limited, Glory Etaduovie; Head Business Development and Strategy, Jolaade Oduntan and Zonal Manager, Lagos, Cyril Ojo at the annual general meeting of NAIPCO in Lagos. The Managing DIrector, IEI-Anchor Pension Managers Limited, Glory Etaduovie, […]
‘Retirees in defined benefit earn N2,500 pension monthly’
Mrs Onanuga Leave a comment and share Chuks Udo Okonta Many workers who retired in old pension scheme – Defined Benefit, earn as low as N2,500 monthly pension, Inspen can report. In spite, the poor earnings, the the pensioners have to undergo rigorous biometric verifications before accessing the token. The […]
Photos: Faces at the AIICO Pension Managers 10th anniversary
L-R, Director General Lagos State Pension Commission, Mrs. Folasade Onanuga, APML’s Brand Ambassador, Ms. Joke Silva and the Managing Director APML, Mr. Eguarekhide Longe, during the unveiling ceremony of CSR projects carried out by AIICO Pension Managers Limited at the Old Peoples Home Yaba Lagos in commemoration of their 10th […]
AIICO Pension clocks 10 years, unveils Joke Silva as brand ambassador
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 […]
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 […]
