From left: Compliance Officer, Stanbic IBTC Pension, Mrs. Idu Okwuosa; Managing Director, Zenith Pension Fund Custodian (PFC), Mrs. Nkem Oni-Egbuna; Managing Director, AIICO Pension and Chairman, Pension Fund Operators of Nigeria (PenOp), Eguarekhide Longe; Executive Secretary, PenOp, Susan Oranye; Managing Director, AXA Mansard Pension, Dapo Akinsanya and Managing Director, FUG […]
Pension
Micro Pension Scheme: Akara Sellers, Others To Start Receiving Pension
Concerted efforts are in top consideration to end old age poverty in Nigeria through the introduction of Micro Pension for all Nigerians, Chika Izuora writes on the initiative. Failed family system in Nigeria has further aggravated old age associated poverty. Many Nigerians suffer at old age because they have failed […]
Stanbic IBTC Pension to hold retirement forum
Stanbic IBTC Pension Managers Limited is set to continue its nationwide campaign to raise awareness about retirement planning, its Chief Executive, Eric Fajemisin has said. He said in a statement that about 600 participants are expected at the forum to be held on Thursday in Lagos. According to him, the […]
Teamsters rally in Washington to protest possible pension cuts
Highlights Treasury still must approve proposal from Central States Pension Fund to cut benefits Retirees say cuts are draconian; some say benefits could decline more than 60 percent Pension fund says without cuts, it’ll be out of money in just 10 years Cocoa Holloway-Blankenship isn’t your typical pension rallier […]
Houston pension fund sues Internet banker BofI for securities fraud
Houston sued Internet banking company BofI Holding Inc. for securities fraud on Thursday, prompting its shares to sink on allegations it relied on unlawful lending practices and off- balance-sheet entities to boost profits. Nasdaq-traded shares of BofI fell more than 16 percent to $19.31. The stock had rallied more than […]
FMDQ partners PenCom on Regulatory Supervision
. Sign Regulatory Supervision Collaboration Agreement As part of efforts geared towards the realisation of its corporate vision and agenda, FMDQ OTC Securities Exchange (“FMDQ” or “the Exchange”) has formalised its partnership with the National Pension Commission (“PenCom” or “the Commission”) through the co-signing of a Regulatory Supervision Collaboration Agreement […]
Pension operators seek bankable projects to enhance investments
Leave a comment and share Chuks Udo Okonta Lack of investment options – Bankable projects – transparency; shortage of data as well as high risk related greenfield investment among others have been identified as clogs to investment of pension funds especially in infrastructure. The Head, Investments, Pensions Alliance limited, Mrs […]
PenCom loses Commissioner, Finance Division
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has announced the death of its Commissioner, Finance Division, Prince Adesoji Olaoba-Efuntayo. The Director General of the Commission, Mrs. Chinelo Anohu-Amazu, who confirmed this in a statement, stated that the Commissioner died at the age of 58 […]
Micro-pension: Building better tomorrow for the self-employed
Longe How to ensure informal sector workers have a better life at old age remains a great concern for the leadership of the National Pension Commission (PenCom) and pension fund managers. Chuks Udo Okonta in this report, examines the plights and demands of workers and what the regulator and operators […]
Puerto Rico church strips teachers of pension amid crisis
By SAN JUAN After 36 years teaching English at a Roman Catholic school near Puerto Rico’s capital, Norma Cardoza planned to retire with a modest pension she trusted she would get from the Archdiocese of San Juan. Her faith was misplaced. Archdiocese officials in recent weeks informed Cardoza and several […]
