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...
View ArticleChina 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...
View ArticlePremium Pension wins Pension Company of the year * Reiterates the Need for...
R-L: Head, Corporate Communication Premim Pension Limited, Paddy Ezeala receiving the prestigious 3rd edition if “BusinessToday Online Pension Company of the Year on behalf of Premium Pension Limited...
View ArticleAlleviation of old age Poverty operator’s perspective presented by Idu Okwuosa
Outline Introduction The Contributory Pension Scheme (CPS): the journey so far Parties to the Scheme: PenCom, PFA, PFC, Employers and Employees Approaches to Alleviating Old Age Poverty: MPG, Pension...
View ArticleA.M. Best Upgrades Ratings of African Reinsurance Corporation
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of African Reinsurance Corporation (Africa Re) (Nigeria). The...
View ArticlePenCom Accuses FGPL of Fraudulent Activities
PenCom DG, Chinelo-Anohu-Amazu 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),...
View ArticleGhana: Pensioners threaten to drag SSNIT to court
SSNIT logo The Pensioners Association of the Council for Scientific and Industrial Research (CSIR) is threatening to drag the Social Security and National Insurance Trust (SSNIT) to court over...
View ArticlePensions insurer warns of premium shortfall
Pension logo The agency which protects the private pension plans of 40 million Americans says it needs “substantial increases” in premiums. The Pension Benefit Guaranty Corporation...
View ArticleFirstBanC increases market share in the Pensions Industry
Mr Samuel Annie Asiedu, FirstBanC FirstBanC Financial Services Limited (FirstBanC) recorded strong growth in pension fund management with the size of the company’s managed pension funds growing...
View ArticleTanzania Taps Informal Sector to Boost Nation’s Pensions
Tanzania Flag Targets growth of 15% from last year’s 2.27 billion shillings Nation may allow funds to invest around East African bloc Tanzania’s pension regulator is looking to the nation’s vast...
View ArticleLagos Releases N895. 522m to pay 256 Retirees
Folashade Onanuga LASPEC DG The Lagos State Pension Commission (LASPEC) said it has issued another set of Retirement Benefit Bond Certificates for a total sum of N895. 522million to retirees from the...
View ArticleGhana: 56% Informal sector employers don’t pay SSNIT – FES report
SSNIT logo Majority of informal sector employers, 56.3 percent do not contribute to the SSNIT’s Informal Pension Fund, a study by Friedrich Ebert Stiftung (FES) has revealed. The study, titled...
View ArticleSupporting 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...
View ArticleOctagon Pension Services is helping Kenyans to prepare for retirement
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...
View ArticleLagos pays N891 million to 324 retirees
Folasade Onanuga, DG LASPEC The Lagos State Government has again paid the sum of N891 million to 324 retirees from the mainstream civil service, local governments, state universal basic...
View ArticleCPS: Contributions into RSA stands at N3.06tn June 2016-PenCom
L-R: Parish Priest of St Agnes Catholic Church Maryland, Rev. Anthony Fadairo; Andy Eke and Director General, National Pension Commission (PenCom), Dr. Mrs Chinelo Anohu-Amazu at the 17th annual...
View ArticleUntapped Pension Fund Investments Potentials In excess of N3tn -PenCom
L-R: Director General, National Pension Commission (PenCom), Dr. Mrs Chinelo Anohu-Amazu receiving plaque of appreciation from Parish Priest of St Agnes Agnes Catholic Church Maryland, Rev. Anthony...
View ArticleCorporate, Pension Industry Strategies Initiatives To increase Investment In...
L-R: Special Guest, Andy Eke; Director General, National Pension Commission (PenCom), Dr. Mrs Chinelo Anohu-Amazu; President of CPU, Emmanuel Uwukhor and Father of the Day Gregory Ahonsi at the 17th...
View ArticlePenCom To Collaborate With EFCC To Prosecute Defaulters
Dr. Mrs Chinelo Anohu-Amazu,PenCom DG In a bid to ensure compliance and track defaulters, the National Pension Commission (PenCom) has said is presently collaborating with the Economic...
View ArticleUN’s $54 Billion Pension Fund in Power Struggle Over New Rules
UN logo The United Nations needs some financial peacekeepers. A dispute over whether new regulations governing the $54 billion UN Joint Staff Pension Fund will result in higher fees paid to...
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