Leave a comment and share Chuks Udo Okonta Lagos State is almost set to commence implementation of the Pension Reform Act 2014, Inspen can report. Investigations revealed that the state is putting finishing touches on its legislation to pave way for the implementation. Director-General Lagos State Pension Board (LASPEB) Mrs […]
Pension
PRA 2014: Private sector pushes compliance to 60%
Longe Leave a comment and share Chuks Udo Okonta Pension contributions by the private sector have shore up implementation of the Pension Reform Act (PRA) 2014 to 60 per cent, Inspen can report. The President Pension Fund Operators Association of Nigeria (PenOp) Eguarekhide Longe, said this in an interview with […]
Pensioners Picket First Bank Over N15,000 Monthly Pension, Others
Fisrt Bank Penssioners Union on Monday picketed the main branch of First Bank in Kaduna over alleged failure of the bank to improve the welfare of its pensioners. The National Chairman of the union, Alhaji Mohammed Bungudu told the News Agency of Nigeria (NAN) that the picketing was going on […]
Positive outlook for new pension regime – Petra Trust CEO predicts
By: Samuel Doe. Ablordeppey The Managing Director of asset management company Petra Trust, Mr Kofi Fynn, has said the economy will experience enhanced benefits from the current pension regime when more innovative products emerge on the market as investment instruments for fund managers. He said since investment channels were largely […]
Global Pension Assets Nicked by Market Troubles in 2015: Study
Market turmoil around the world took its toll on pension assets last year, according to a new study by Willis Towers Watson Plc, the London advisory firm. Specifically, pension assets relative to gross domestic product declined 3.9 percentage points in 2015 to 80.3% from 84.2% the year before. Pension assets […]
Canadian pension funds hit hard by global market volatility
Janet McFarland Canadian pension plans took a major hit in January from turmoil in global markets, suffering a drop in their funding solvency as bond yields fell and their investment portfolios posted losses. Pension consulting firm Aon Hewitt said the median solvency ratio for pension funds it tracks fell by […]
Pension savers flee for the safety of annuities as stock market tumbles
By Harvey Jones Annuity sales collapsed after pension freedoms were launched in April last year as hundreds of thousands celebrated their liberation from the obligation to lock into a lifetime income at retirement. Many either cashed in their lifetime savings or took an income drawdown plan, leaving their pension invested […]
U.S. Pension Fund Assets Remain Stable
U.S. institutional pension fund assets totaled $21.7 trillion at the end of 2015, slightly less than the previous year’s record of $22.1 trillion, according to Willis Towers Watson’s (NASDAQ:WLTW) Global Pension Assets Study. Global institutional pension fund assets in 19 major markets weighed in at $35.4 trillion at year-end 2015. […]
The immoral UK pension policy discriminates against expats
Freezing pensions of British expats is an example of blatant miserly British Government discrimination from a nation which believes in and promotes itself as being fair minded, respecting equality, sound ethics and moral behaviour, writes Jim Tilley. There are 250,000 retirees in Australia all of whom are in receipt of […]
NIGERIAN PENSION FUNDS FINISH STRONG AMIDST MARKET TURMOIL IN 2015
Despite the market turmoil of 2015 arising from the global effect of the melt down in China and the oil glut, pension funds in Nigeria were able to finish the year with strong returns. QFAnalytics analyzed data drawn from a number of pension fund management and administration sources for the […]
