Pension investments in FGN securities rise to N9.64tr

By Aya Jootar  Published On June 7, 2023

Pension Fund Administrators have increased the value of investments in FGN Securities from N9.19 trillion as at September 30, last year to N9.64 trillion as at last December. This represents N451.82 billion increase or 4.92 percentage increase. According to the National Pension Commission (PenCom), the increase in the value of investments in FGN Securities was majorly due to additional investments in this asset class during the quarter. PenCom made this known in its Fourth Quarter 2022 Report.

The report showed that the total value of pension fund assets as at December 31, 2022 was N14.99 trillion, which comprised of N10.72 trillion RSA ‘Active’ Funds I, II III and V; N1.19 trillion RSA Retiree Fund IV; N1.57 trillion Closed Pension Fund Administrators (CPFAs); and N1.48 trillion Approved Existing Schemes. Fund VI Active and Retiree Fund amounted to N36.20 billion.

Source: The Nation


Leave A Reply

Your email address will not be published. Required fields are marked *

*