DG PenCom, Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) said out of N1.06 trillion available for infrastructure financing, only N1.36 billion has been taken as at 31 December 2015, leaving N1.059 trillion untapped. PenCom stated this in a presentation made at […]
Pension
PenCom Accuses FGPL of Fraudulent Activities
By Damilola Oyedele Abuja — Following a petition to the House of Representatives, by one Hon. George Ozodinobi who claims to be Chairman of the First Guarantee Pensions Limited (FGPL), Lagos, the National Pension Commission (PenCom) has accused the petitioner of engaging in fraudulent activities, which have led to civil […]
Group seeks bailout for pensioners
Leave a comment and share Chuks Udo Okonta The Nigerian Union of Pensioners (NUP) has called on the Federal Government to issue bailout for the settlement of pensioners, as done to workers whose states could not pay salaries. The Lagos State Chairman of NUP, Joseph Dele, who said this in […]
Photo: Director-General of National Pension Commission,Mrs. Chinelo Anohu-Amazu after she received the “Excellence ,Visionary and Emphatic Leaders Award” confered on her by TUC
The National President of Trade Union Congress (TUC) Comrade Bobboi Bala Kaigama(Left) congratulates the Director-General of National Pension Commission,Mrs. Chinelo Anohu-Amazu after she received the “Excellence ,Visionary and Emphatic Leaders Award” confered on her by TUC at the weekend in Abuja.
UK pension fund forum asks members to oppose WPP pay report
The Local Authority Pension Fund Forum (LAPFF), an association of 70 UK-based public sector pension funds, asked its members to oppose WPP Plc’s remuneration report at the advertising firm’s annual meeting, citing “excessive” payments offered to its chief executive. PIRC, an advisory firm and LAPFF’s research partner, last week asked […]
Why FG securities is toast for pension funds – PenCom DG
Anohu-Amazu Leave a comment and share Chuks Udo Okonta The Director-General, National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, has identified inadequate products as a reason for the deployment of over N3.49 trillion amounting to 66.41 per cent, of the pension funds to Federal Government securities. Anohu-Amazu, who disclosed this in […]
China national pension fund reports 15.2 pct return rate in 2015
China’s National Social Security Fund recorded a 15.19 percent rate of return last year, with income of 229.46 billion yuan ($34.86 billion), according to an annual report released on its website on Friday. The rate of return exceeded the average of 8.82 percent since the fund was founded 15 years […]
Pension funds rise to N5.4trn
Mrs Chinelo Anohu-Amazu Director-General, National Pension Commission,(PenCom), Mrs Chinelo Anohu-Amazu has revealed that Nigeria’s pension funds now stand at about N5.4 trillion with approximately seven million contributors. Anohu-Amazu said this while speaking on the Role of Regulators in Deepening Capital Market at the 2016 Business Day Capital Market Conference in […]
PENSION TENSION IN THE FOSSIL FUEL INDUSTRY
BY TOBY A.A. HEAPS The global transition to clean energy has caught pension fund managers flat-footed, costing millions of pension holders hundreds of billions of dollars. Subscribe now – Free phone/tablet charger worth over $60 Coal, which accounts for over 40 percent of global greenhouse gas emissions, is being pushed […]
Ministry of Finance clarifies law on taxation of pensions
The Ministry of Finance has clarified its stance on the issue of taxation of pensions in the country. According to the ministry, an earlier explanation made by the Minister of Finance, Mr. Seth Terkper on the Income Tax Act, 2015 (Act 896) at a forum on Tuesday has been misconstrued. […]
