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All Kenyans with a job will be required to pay six per cent of their basic salary as contributions to the National Social Security Fund if a Bill passed by Parliament yesterday becomes law. MPs rejected. advertisement All Kenyans with a job will be
The adviser, Larry Gray, is the outgoing consultant to New Haven's Police and Fire Pension Fund. As reported in the Independent last week , the fund's board of trustees approved Gray's resignation in the wake of a federal Securities and Exchange
NewsApp NewsApp (Free) Read news as it happens Available on Rediff News All News T he name of Revenue Secretary Sumit Bose is doing the rounds for the post of the next Pension Fund Regulatory & Development Authority chairman. The term of the
James Keivom/New York Daily News Mayor-elect Bill de Blasio made the city's income inequality a cornerstone of his campaign. Wall Street has put the squeeze on the city to the tune of $1 billion, a report due out Tuesday claims.
Quebec-based Caisse De Depot, one of the world's largest pension fund managers with over $175 billion in assets, has put India on its priority list for infrastructure investments, preferring the country over China for long-term core sector bets. Last
In the past the majority of household assets were in residential property, but the composition of the household balance sheet on the asset side has shifted, according to an expert. The biggest portion of assets that most households owned was in
The global demand for Islamic pension funds is currently between $160 billion and $190 billion, according to estimates by Ernst & Young's (E&Y) Global Islamic Banking Center. At present, most of these funds are parked under conventional sovereign
Niaga has become state-owned pension insurance firm PT Taspen's paying agent, seeking to obtain more customers from the partnership and increase its pension fund's investment portfolio to Rp 8 trillion (US$670,57 million) within the next five years.
Investors to break up the Timken Company , the maker of steel and bearings, criticizing the outsize representation of the founding Timken family, which held three of 11 board seats while holding just 10 percent of the stock. Four months after the
The Caisse says a confidentiality agreement prevents it from disclosing the purchase price. But Bloomberg, citing sources, reported the transaction is valued at AU$1-billion ($960-million.) Macky Tall, the manager's senior vice-president of