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Special Report on

Pension Fund Administration in Nigeria

pension fund administration in nigeria special research report Photo by affordablehousinginstitute.org
Pension scheme is not new in Nigeria, it had started since 1950s. But the enactment of the new act that the Pension Fund Reform Act of 2004 made it to wear a new looks. The new pension scheme in Nigeria is a contributory defined one that are managed by the pension fund Administrators with the pension fund custodians. Unlike other industries, Pension funds industry face different types of risk which called for an effective and efficient risk management process. Risk management being a process of planning, organizing, leading and controlling of activities and resources is to minimize the impacts of all risks. The paper ...
needs of target populations. There are a wide variety of health care systems around the world. In some countries, health care system planning is distributed among market participants, whereas in others planning is made more centrally among governments, trade unions, charities, religious, or other co-ordinated bodies to deliver planned health care services targeted to the populations they serve. However, health care planning has often been evolutionary rather than revolutionary.
REVIEWS AND OPINIONS
Global Talent Network Jobs: Head, Human Resource & Admin Services ...
Our client, a leading Pension Fund Administrator company in Nigeria seeks to engage the best and brightest in the process of achieving its goals to be the leading Funds Manager in Nigeria. The following career opportunities exist for passionate professionals with the right attitude. Successful candidates must be willing to work in any part of Nigeria. Job Title: Head, Human Resource & Admin Services Job Ref: EM105 Position Locations in Nigeria: Abuja Position Description The successful candidate will report to the Director – Finance & Administration, and supervise the Human Resource and Admin Officers. ... market research, surveys and trends
Very Different Countries, Same Constraint « Oxford SWF Project
I’ve been covering the internal debates in Nigeria and India over whether to set up a new SWF for some time (for Nigeria, see  here , here , here , here , and here and for India, see  here , here , here , and here ). If you aren’t aware, each country comes to the ’SWF debate’ with very different circumstances and, it should also be noted, motivations for why a  SWF is needed: India wants a SWF so that it can invest some of its foreign exchange reserves in strategic resources around the world. Think of this as a sort of ‘strategic commodity acquisition fund’. Nigeria’s wants a SWF for more ... market research, surveys and trends

SURVEY RESULTS FOR
PENSION FUND ADMINISTRATION IN NIGERIA

International Update, September 2004: Recent Developments in ...
Since September 1, any worker may contribute annually up to 150 percent of the national monthly average earnings for that year (about US$900) to a single IKE . The contributions may go into any type of capital investment, life insurance policy, or investment fund. Benefits from these accounts will be paid at the age of 60 (or at the age of 55 if taking early retirement) with at least 5 years of contributions. A recent survey done by the Dutch investment fund manager, ING , indicates that more than 4 million workers are likely to set up an IKE . Since 1999, employees have been contributing 9.76 percent of ... industry trends, business articles and survey research
allAfrica.com: Nigeria: Strict Regulations, Safety of Pension Funds
Operators in the Nigerian pension industry have always complained that the industry is over-regulated, but the National Pension Commission (PenCom) seems to have been vindicated by the strict regulations on investments, which prevented the colossal loss of the nation's pension funds in the face of the global meltdown. Genesis of pension reform in Nigeria Pension reform, which is now the in-thing throughout the world, became inevitable in view of pension debacle that was witnessed in the past. To reverse the trend and put a halt to the increasing rate of old age poverty, which inflicted maximum pain on the people, who had ... industry trends, business articles and survey research
RELATED NEWS
Groups oppose exclusion of Armed Forces from PENCOMM
(L-R): Chairman, Military Pensions Board, Bitrus Kwaji, Permanent Secretary, Office of the Secretary to the Government of the Federation, Suleiman Kassim, and Permanent Secretary,Establishment and Records, Office of the Head of Service, Charles Bowat, at a public hearing on a bill to Amend Pension Reform Act to exclude members of the Armed Forces from the scheme, in Abuja yesterday The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) yesterday opposed the proposed exclusion of armed forces personnel from the National Pensions Commission, saying it could undermine the scheme, which came into effect in 2007. At a ... market trends, news research and surveys resources
Nigeria: The Employees Compensation Bill
Lagos — EFFORTS by the National Assembly to pass an Employees Compensation Bill (ECB) into law are clearly ill-advised, because the bill is an attempt to foist on hapless Nigerians another monopoly that would most likely fail, like other monopolies before it. The Bill, which, when passed, would repeal the Workmen's Compensation Bill is to be managed by the Nigeria Social Insurance Trust Fund (NSITF) and has already gone through public hearings in the Senate and House of Representatives. By its configuration, the Bill intends that once passed into law, the Nigerian Social Insurance Trust Fund Management Board (NSITFB) ... market trends, news research and surveys resources

INFORMATION RESOURCES

Nigeria - Pension Reform Act 2004
Transfer of pension fund assets of the Nigeria Social Insurance Trust Fund. ..... ensure the effective administration of pension matters in Nigeria. ... technology research, surveys study and trend statistics
Social Security Programs Throughout the World: Africa, 2009 - Nigeria
Note: A unified system of mandatory individual accounts has been fully implemented for public- and private-sector employees and has replaced the former separate systems for public- and private-sector workers. New entrants to the workforce beginning January 2005 for private-sector workers (July 2004 for public-sector workers) must open an individual account with a publicly or privately run pension fund administrator. When the reform was implemented, workers who were covered by the old social insurance system were required to switch to the new system unless they were within 3 years of retirement. The contributions ... technology research, surveys study and trend statistics
A CRITICAL APPRAISAL OF PENSION
Shell Nigeria Closed Pension Fund Administrator Limited.69. Any operator who fails to obtain a license, as an individual, is liable ...
REAL TIME
PENSION FUND ADMINISTRATION IN NIGERIA
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