Posts Tagged “Pension”

AIICO to Drive Pension Scheme With Brand Ambassador

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As part of efforts to promote its brand and sensitise the public to pension scheme, AIICO Pension Managers Limited has signed an actress, Joke Silva, as its brand ambassador. According to a statement obtained from the firm on Wednesday, the Head of Strategic Planning and Corporate Communications, Mr. Tunde Ottun, said the firm’s decision to…

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PENSION PLANS (1)

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PENSION PLANS (1)

  What is pension plan? This is an arrangement which takes care of how funds are being set aside for the purpose of pension payment and how the regular payment are disbursed to the retiree. The above definition looks at the plan from the funding aspect as well as the regular disbursement of the fund…

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Do Not Destroy Current Pension Scheme- Sobanjo

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Do Not Destroy Current Pension Scheme- Sobanjo

In the last 11 months, the federal government has not been able to remit pension contribution as is required in the new contributory pension scheme. Some states are also said to be owing over 24 months. This trend in the pension industry has brought back the fears that laced the old scheme experienced by the…

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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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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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Proposed Pension, Immunity For Saraki, Dogara Immoral – Sagay, TUC

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Proposed Pension, Immunity For Saraki, Dogara Immoral – Sagay, TUC

    The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked President Muhammadu Buhari to disregard any bill from the National Assembly on life pension and immunity for its principal officers. Also, the Trade Union Congress has strongly condemned the proposed life pension for principal officers of the National Assembly, describing…

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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 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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