Wednesday, May 22nd, 2013
By Sola Alabadan Make sacrifices today to save for retirement Make no mistake by thinking that your income is low or that because you have so many things you are spending on; it will be difficult for you to have any money left to save...
Wednesday, May 22nd, 2013
The critical role of pension management in safeguarding the future of Nigerians and the country’s overall economic growth has once again been highlighted by Mr Eric Fajemisin, Executive Director of Stanbic IBTC Pension Managers. Fajemisin, who spoke during the official commissioning of the Warri office...
Wednesday, May 22nd, 2013
The management of Leadway Pensure PFA Limited has enjoined all workers in Nigeria to embrace the contributory pension scheme saying the Pension Reform Act 2004 makes it mandatory for every employee to open a Retirement Savings Account (RSA) under the scheme because everyone needs to...
Wednesday, May 22nd, 2013
By Sola Alabadan The ranking of Pension Fund Administrators (PFAs) by total registered contributors shows that the top three PFAs account for 41.97 per cent while the top five PFAs account for 59.60 per cent, the latest report by the National Pension Commission (PenCom) has...
Wednesday, May 15th, 2013
By Sola Alabadan The on-site inspection of employers conducted by the National Pension Commission (PenCom) showed that 15 of the 60 organisations inspected by PenCom had group life insurance policy as provided for in the Pension Reform Act 2004. Section 9(3) of the Pension Act...
Wednesday, May 15th, 2013
In accordance with the guidelines for life insurance policy jointly issued by National Insurance Commission (NAICOM) and National Pension Commission (PenCom), it is the duty of insurers to ensure that employers comply with the minimum insurance cover of three times the annual total emolument of...
Wednesday, May 15th, 2013
By Sola Alabadan Financial independence is the goal of retirement planning Retirement planning is a term that refers to the allocation of financial resources towards retirement. In most cases, this simply means setting aside money or other similar assets for the purposes of collecting a...
Wednesday, May 15th, 2013
The Nigerian Insurers Association (NIA) has advised insurance companies to develop good products capable of meeting the needs of retirees since insurers have been alleging that the Pension Funds Administrators (PFAs) were discouraging workers about to retiree to choose programmed withdrawal instead of life annuity....
Wednesday, May 15th, 2013
A magistrate recently saved Jamaica possible international embarrassment by refusing an application by defence lawyers for a gag order against the Jamaica Observer in the ATL Pension fraud trial. The application to bar the newspaper from reporting or commenting on the proceedings underway in the...
Wednesday, May 8th, 2013
Stanbic IBTC Pension Managers Limited has opened a new business office in Uyo, Akwa Ibom State, with a pledge to deepen awareness about pensions and retirement planning to benefit residents of the city and its environs. The new office is an additional avenue for the...
Wednesday, May 8th, 2013
Pension awareness campaign has received a boost in Nigeria with the take-off of PensionScope Radio programme on Radio One (formerly Choice FM) 103.5 FM of Radio Nigeria. A statement by the Chief Executive Officer of PensionScope Media, Mr. Peter Adediji, said the programme which commenced...
Wednesday, May 8th, 2013
By Sola Alabadan Get ready for the new retirement “In the last few decades the whole concept of retirement has shifted from what was once seen as the beginning of your ‘twilight years’, to a time that is now regarded as a new beginning, an...
Wednesday, May 8th, 2013
In line with its determination to be among the first six Pension Fund Administrator (PFAs) in Nigeria before the end of year 2013, Future Unity Glanvills Pensions Limited (FUG Pensions) has informed it will continue to have presence in major cities of the country by...
Wednesday, May 8th, 2013
By Sola Alabadan The National Pension Commission (PenCom) is not happy that pension operators generally do not treat the issue of staff training with paramount importance. PenCom has therefore mandated the operators to start investing in the training of their employees. In a circular signed...
Wednesday, May 1st, 2013
By Sola Alabadan Start saving for retirement as soon as you start working Once people reach their 50s they finally see retirement on the horizon. They start envisioning that time when they can stop going to work and instead spend their days enjoying the...
