Sh6.9bn set aside for pension scheme

All over the world, the need for retirement for workers is never in doubt. People, who have spent several years in service, were allowed to retire when they are approaching their old age. Though, law on the age of retirement varies in different ...

The scheme’s restricted equity exposure may be a dampener. Investors with higher risk appetite can look at investing in index or diversified equity funds. The National Pension System (NPS) is creating a positive buzz in the financial circles lately. The ...

Accountants have opposed a move to to the national pension scheme. Mr Benson Okundi of the Institute of Certified Public Accountants in Kenya said it was disappointing that the National Social Security Fund (NSSF) sought to rope in more Kenyans to ...

Ruston Smith has been appointed chairman of the National Association of Pension Funds (NAPF). He will succeed Mark Hyde Harrison, whose two-year tenure ends at the NAPF Annual General Meeting (AGM) on Friday October 18 2013. Ruston will take up ...

There is a higher uptake of auto enrolled pension schemes than previously expected, according to a new national study. Financial advisory group, Taylor Patterson, says that the report published by the Institute of Directors (IoD) serves as a timely ...

PenCom DG, Muhammad Ahmad Bodestus Anaesoronye. The nation's pension assets have hit a whopping N3.4 trillion as at the end of May 2013, while the number of contributors in the review period has also grown to 5.3 million. This follows the ...

Accra, June 18, GNA The National Association of Pensioners (NPA) of the Social Security and National Insurance Trust (SSNIT) on Tuesday called on all pensioners to join the association to enable them to benefit from the Pensioners Medical Fund ...

The government's response to the National Employment Savings Trust (NEST) restrictions is likely to be addressed in the passage of the Pensions Bill. The Bill, which will introduce the flat-rate state pension and end contracting-out from 2016, as ...

Pinoys working in Norway, Sweden, Denmark and Finland have only good things to say about pension schemes, support for maternity and paternity leaves, as well as benefits for the unemployed and disabled persons. These countries have developed ...