We continue our series of cut-outs from our core strategy document The Nigeria Strategy Report, but direct our focus towards developments in the pension space in H2 2014 and the likely impact of these changes on the industry.
The new Pensions Reform Act 2014, which repealed the Pension Reform Act 2004, came into effect on July 1 2014. It has significantly relaxed the restriction on offshore investments by Nigerian pension fund administrators (PFAs) of pension fund assets.
The Pension Reform Act, 2014 repealed the 2004 Pension Reform Act, No. 2 with the objective of improving the Uniform Contributory Pension Scheme, and the retirement benefits following thereof, for persons in the public and private sectors of the Nigerian economy. Persons in the Armed Forces, Intelligence and Secret Services continue to be exempted from this Contributory Pension Scheme.
Africonomie is delighted to bring your attention to the 2014 Africonomie London Forum; which would take an in-depth look at pensions & sovereign funds investments, as well as institutional investing in Africa private equity. The forum is scheduled for September 22 - 24, 2014 at the Landmark London Hotel.
Let me warmly welcome you all to this historic first edition, of the World Pension Summit Africa Special. I am particularly pleased to address this distinguished gathering, on an issue of overriding importance to people and families; governments and nat
Africonomie is delighted to bring to your attention its upcoming 3rd Africa Pensions and Sovereign Funds Investments Forum | Private Equity Investing in Africa Forum scheduled for September 22 24, 2014 at the Landmark London Hotel.
Helios Investment Partners LLP, a private-equity firm that focuses on Africa, has bought a minority stake in Nigeria's ARM Pension Managers PFA Ltd. to tap into the nation's fast-growing pension market, according to co-founder Tope Lawani.
Over the past century, governments, as well as public and private sector pension and retirement providers, focused on expanding existing and introducing new systems with a core focus on payment of benefits. Strong investment performance limited the percei
Financial analysts have insisted that the move by the National Pension Commission (PENCOM) to move the N305 billion pension savings of the men and officers of Nigeria Police Force(NPF) to the proposed NPF Pensions Limited will jeopardise the future af