Archive For The “Pension News” Category

Experts to Brainstorm on Creating Robust Pension Benefits for Retirees.

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How to create a robust pension benefits for retirees would be the focus in the 2015 Nigerian Insurance and Pension (Inspen) Awards. A statement by the Chief Executive Officer Inspen Media, Chuks Udo Okonta, said experts drawn from insurance and pension sectors would be on hand to seek solution to the plights of retirees and…

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‘Nigeria’s Future Guaranteed by its Pension System’

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‘Nigeria’s Future Guaranteed by its Pension System’

Nigeria’s pension system, as enshrined in the Pensions Reform Act of 2014, is a powerful tool with which to set future goals and create the comfort and security necessary to enjoy fulfilment in retirement, Chief Executive, Stanbic IBTC Pension Managers Limited, Mr. Eric Fajemisin, has said. Fajemisin, who was represented by Executive Director, Investments, Mr….

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Improve CPS- Sigma Pension Boss

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Improve CPS- Sigma Pension Boss

Alhaji Umar Modibbo, who is the Managing Director of Sigma Pensions has called for the development of the contributory pension scheme adding that the new scheme is better and safer owing to the strategies that have been employed in the sector which makes the services sustainable. According to him “After 11 years in the market…

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How Impunity, Intrigues Land Pension Firm in Trouble

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How Impunity, Intrigues Land Pension Firm in Trouble

Has Nigeria plummeted to a banana republic; a jungle where impunity reigns? That is a million dollar question to which Nze Chidi Duru, a two-term House of Representatives member (1999-2007), is frantically seeking an answer. For over five years, the former federal lawmaker has traversed the nation’s temple of justice, seeking refuge in the sanctuary…

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‘Unemployment, Job Losses Depleting Pension Funds’

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‘Unemployment, Job Losses Depleting Pension Funds’

The Federal Government is eyeing the N5.4 trillion pension funds to develop infrastructure. But the fund is dwindling because of unemployment and joblessness, according to Usman Suleiman, Future Unity Glanvills Pensions Limited (FUG Pensions) Managing Director. The number of Contributors to the Retirement Savings Account (RSA) has reduced because of retrenchment, he notes. He tells…

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What Exactly is an Annuity?

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What Exactly is an Annuity?

An annuity provides you with a guaranteed income for life in return for a lump sum payment. You hand over a chunk of your pension savings to an insurance company, which then pays you an income until you die (or until your surviving spouse dies, if you choose this more expensive option). The amount you…

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What is a Pension Scheme?

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What is a Pension Scheme?

In simple terms, a pension scheme is just a type of savings plan to help you save money for later life. It also has favourable tax treatment compared to other forms of savings. It makes sense to put some money away for when you’re older and that’s what pension schemes help you do. You save…

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