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Annuity business bounces back, leads contribution to gross premium

AS the crises over transfer of all annuity assets under the management of life insurance companies to Pension Fund Custodians, PFCs, finally settles, growth in annuity business is now outpacing insurance industry’s total life premium income.
Continue reading Annuity business bounces back, leads contribution to gross premium at Vanguard News Nigeria. …

PenCom grants new PFA licence

PenCom grants new PFA licence

The National Pension Commission (PenCom) has issued license to a new Pension Fund Administrator (PFA). The PFA is named the Nigerian University Pension Management Company Limited (NUPEMCO). NUPEMCO, according to PenCom, will operate like a Pension Fund Administrator (PFA). A statement made available to newsmen read: “PenCom has approved the issuance of a licence to […] …

Reps probe of PenCom worries stakeholders

Reps probe of PenCom worries stakeholders

The decision by the House of Representatives to probe the activities of the National Pension Commission since April 2017 till date appears to have brought about calmness in the pension industry. There have been worries, however, by Industry stakeholders on the nature of the information that the probe may provide to the public. While some […] …

Pencom to launch micro pension

Pencom to launch micro pension

All is set for the launch of Micro Pension Scheme by the National Pension Commission (PenCom) this month. The planned micro pension is expected to attract over 20 million workers and N3 trillion into the pension assets. With total pension assets as at October, 2018 at N8.45 trillion, the country’s pension assets are expected to […] …

PenCom, vested interests and security of pension fund

Anyone who has ever headed an organisation or association of people knows the peril of fighting corruption and those who profit from it. It is a hazardous venture undertaken only by persons with strong character, conviction and determination.
Continue reading PenCom, vested interests and security of pension fund at Vanguard News Nigeria. …

Luxury tax, mega merger to shape 2019

Luxury tax, mega merger to shape 2019

Omodele Adigun As today ushers in a new year, we serve you the events that will likely shape this 2019 in the banking /finance terrain. The much-anticipated luxury tax is expected to take off any moment from now if hints from the Chairman of the Federal Inland Revenue Service (FIRS) , Mr. Babatunde Fowler, is […]
The post Luxury tax, mega merger to shape 2019 appeared first on The Sun Nigeria. …

$5.4bn spent on Paris Club refund to states – Minister

$5.4bn spent on Paris Club refund to states – Minister

Uche Usim, Abuja The Minister of Finance, Mrs Zainab Ahmed, on Monday disclosed that the Buhari administration has spent $5.4 billion to settle states’ Paris Club over deductions, $6.8 on Joint Venture Cash Calls and N1.9 trillion on Contractor/Export Expansion Grant (EEG), in its efforts toclear the debts and liabilities inherited from previous administration. Speaking at […]
The post $5.4bn spent on Paris Club refund to states – Minister appeared first on The Sun Nigeria. …

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