Although Kenya’s pensions sector has enjoyed strong growth in recent years, the majority of workers are still not planning for retirement. Octagon Pension Services is working to address this The value of the Kenyan pension industry is projected to hit $10bn in 2016, according to industry regulator the Retirements Benefits […]
Pension
Malaysia’s $30 Billion Fund Goes Long as Islamic Plan Progresses
Fund considering cutting annual return target, CEO says Seeks to increase Shariah-compliant component from current 55% Malaysia’s second-largest pension fund plans to buy more bonds with maturities of 10 years and above to hedge against another interest-rate cut as it moves further toward becoming a full-fledged Islamic entity. Kumpulan Wang […]
New mobile app for National Pension System subscribers
Pension Fund Regulatory and Development Authority (PFRDA) has introduced new features for the benefit of National Pension System (NPS) subscribers, including a mobile app. According to the statement, through the mobile app, ‘NPS by NSDL e-Gov’, subscribers can raise a request for transaction statement for a particular financial year that […]
Supporting Pensions With Taxpayer Dollars Is A Slippery Slope
Thousands of pension plans currently sit underfunded and many people are already looking to Congress to shore up the funds. U.S. Senator Mike Enzi, R-Wyo., is worried that government support for any one pension fund could set a dangerous precedent that could cost lots of taxpayer dollars. Enzi spoke specifically […]
PenOp canvasses proper deployment of pension funds
From left: Usman Suleiman (MD – FUG Pensions/PenOp EXCO), Nehizenah Ibhawoh (Company Secretary), Titi Lawani (MD – Progress Trust CPFA/PenOp Vice President), Nkemi Oni-Egboma (MD – Zenith PFC/PenOp Treasurer) and Susan Oranye (PenOp Executive Secretary). Leave a comment and share Chuks Udo Okonta The Pension Fund Operators Association of Nigeria […]
South Korea pension picks BlackRock, Grosvenor to manage hedge fund investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016. NPS, which plans to begin investing in hedge funds this year, plans to entrust BlackRock Financial Management […]
FG securities gulp N3.68trn pension funds as at March
Leave a comment and share Chuks Udo Okonta Federal Government’s securities have continued to attract more funds from the Contributory Pension Scheme (CPS) as N3.68 trillion out of the N5.46 trillion total assets, were invested in bonds and treasury bills in March 2016. The National Pension Commission (PenCom) in its […]
Poland targets private funds in biggest pension shakeup since 1999
By Marcin Goclowski and Jakub Iglewski Poland announced on Monday the biggest shakeup of its pension system in nearly two decades, with plans to convert state-guaranteed private pension funds into mutual funds and to transfer some of their assets into state custody to cut public debt. The economy ministry said […]
PenCom wants evidences of pension compliance in coy’s financial statements
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) is pushing for the publications of evidences of compliance with the Pension Reform Act (PRA) 2014 in companies’ financial statements, Inspen can report. The Commission said it is working with the Financial Reporting Council (formerly Nigeria Accounting […]
PenCom forms alliances to enhance pension compliance
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in recent times has been exploring measures to deepen the pension industry, especially by collaborating with other organisations to ensure pension laws are obeyed and enforced. Inspen gathered that the commission had collaborated with relevant agencies and […]
