Premium Pension Limited, has organised Pension Desk Officers forum, aimed at evaluating the workings of the Contributory Pension Scheme (CPS). It was also organised in a bid to enhancing operational effectiveness of pension business. A statement by the Head, Corporate Communications, Premium Pension, Mr. Paddy Ezeala, said the forum organised by...
By: ZAKARIYYA LEKAN The Lagos State Government has released about N1.075 billion into the Retirement Savings Accounts (RSAs) of 301 Contributory Pension Scheme (CPS) retirees for last month(November). The beneficiaries are pensioners in Lagos State Public Service, inclusive of Local Government and SUBEB retirees.   Governor Akinwunmi Ambode who was represented by...
The Pension Transitional Arrangement Directorate (PTAD), has announced dates for the verification of pensioners of Nigerian Telecommunications Limited (NITEL) and its mobile subsidiary, MTEL under the Defined Benefit Scheme (DBS). PTAD in a statement in Abuja announced that the verification would begin from January 15 to 26, 2018. According to PTAD,...
The Pension Transitional Arrangement Directorate (PTAD) said it has paid Nigerian police pensioners, their Civil Service and parastatals counterparts under the Defined Benefit Scheme (DBS) another instalment of the 33 per cent pension arrears owed them. A statement by the Directorate and made available to National Business, noted that all pensioners under...
By: ZAKARIYYA LEKAN  Experts, who attended the recent 2nd Annual Conference of the National Association of Insurance and Pension Correspondents(NAIPCO), in Lagos, have charged regulators in insurance and pension sectors to always implement policies that will grow the two sectors of the financial industry. The stakeholders, in a statement issued at...
Stanbic IBTC Pension Managers Limited has paid over N279 billion to retirees since its inception in 2006. Moreover, between January and June this year, over 5,000 new retirees also received N16.6 billion as their benefits from the Pension Fund Administrator (PFA), increasing the number of individual Retirement Savings Account (RSA)...
The Executive Secretary, Pension Transitional and Arrangement Directorate(PTAD), Sharon Ikeazor, said the ultimatum given to insurance companies to return the legacy funds in their disposal to directorate ends in December 2017. Speaking at the 2nd National Conference and Award Ceremony of the National Association of Insurance and Pension Correspondents(NAIPCO) in...
•Dangote, others slash prices Since 1981 when the Lagos International Trade Fair was introduced, the event has, undoubtedly, become the topmost world class business assembly in Africa, attracting both national and international entrepreneurs. This  year's edition which began last Friday, November 3, is expected to host 500,000 visitors at the Tafawa...
Newly elected   President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Shola Tinubu, has promised to uphold ethical standards in the brokering sector. Speaking at a press conference in Yaba, Lagos, at the weekend, Tinubu said, the need to entrench discipline and ethics was germane, as it is the hallmark...
The Lagos State Government has paid N710 million pension entitlements to 153 retirees for the month of October, 2017. Speaking at the 44th batch of the Retirement Benefit Bond Certificate Presentation ceremony held in Ikeja, Lagos, the Commissioner, Establishments, Training and Pensions, Dr. Akintola Benson Oke, who represented the Governor...