Government ministers considering changes to system of payments that campaigners have long said is unfair By Vic Motune FAIR DEAL: Pensioners who retire to some countries in Africa and the Caribbean get smaller pension payments than they would if they were in the UK BRITONS LIVING in countries such as […]
Pension
Widow of 9/11 firefighter wins $3M pension payout
By Philip Messing Jackie Kaht Fernandez spent nine years fighting the Fire Department’s pension board and its doctors to prove that the sudden death of her husband, Lt. Cruz Fernandez, in 2006 at age 52 was related to his time spent at Ground Zero. “The word ‘no’ is not in […]
Pension operators explore Singaporean infrastructural investment template
Akinsanya Leave a comment and share Chuks Udo Okonta Pension operators are studying how their colleagues in Singapore have made significant inroad in investing pension funds in infrastructure without burning their fingers, Inspen can report. The Head, Technical Committee, Pension Fund Operators Association of Nigeria (PenOp), Dapo Akinsanya, who disclosed […]
PFAs invest N65.64bn in FG securities in a month
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) invested N65.64 billion in Federal Government’s securities between October and November 2015, Inspen can report. The figure which was obtained from the National Pension Commission (PenCom) showed that N3.42 trillion was invested in October and […]
DFL legislators want pension fund investments in fossil fuel firms to end
DFL legislators want state pension fund managers to dump fossil fuel stocks. By Maya Rao Star Tribune A group of legislators are calling on Minnesota’s pension fund managers to dump their stocks in coal, oil and natural gas, saying fossil fuel companies harm the environment and are a financially risky […]
Almost 2 years governments refuse to pay 18% pension contributions
Longe Leave a comment and share Chuks Udo Okonta 20 months after the Pension Reform Act (PRA) 2014 was signed into law, the federal and state governments have refused to embrace the 18 per cent pension contributions for their workers. Inspen gathered that the federal government and few states that […]
Pension fund regulator to train 75,000 people to implement NPS
Presently, NPS has more than 1.14 crore subscribers with total Asset Under Management (AUM) of more than Rs 1.09 lakh crore. Pension fund regulator PFRDA proposes to train 75,000 people who will form a “totally committed” workforce for the implementation of government’s National Pension System. Pension Fund Regulatory and […]
Chinese Pension Fund May Invest Over $90Bln in Equity Markets
The massive Chinese pension fund is likely to buy nearly 600 billion yuan worth of A-shares from China-based companies in 2016, the People’s Daily newspaper reported. With the fund currently managing almost 90 percent of China’s social security deposits, its total assets amounted to 3.98 trillion yuan in late 2015, […]
PenCom unveils how N5.21tn pension assets were invested
Mrs Chinelo Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) in a bid to prove that there is no idle fund in the kitty of Pension Fund Custodians (PFCs) has detailed how the pension assets which stood at N5.21 trillion as at November 2015, […]
PENCOM DG, 2 Others Appointed Members of LSE Africa Advisory Group
Mrs. Chinelo Anohu-Amazu The Director-General of the National Pension Commission (PENCOM), Mrs. Chinelo Anohu-Amazu, has been appointed pioneer member of the London Stock Exchange Africa Advisory Group. Mrs. Anohu-Amazu is one of the high-level financial experts from the African continent appointed by the respected London Stock Exchange to provide advisory […]
