Pencom begins multi-fund structure for pension assets July 1

0
740

The National Pension Commission on Thursday said the implementation of the multi-fund investment structure for all active contributors under the Contributory Pension Scheme would commence on July 1 this year.

The Head, Investment Supervision Department, PenCom, Mr. Ohioma Ehimeme, said this at a workshop with the theme, ‘Contributory Pension Scheme: Achievements and challenges’.

He noted that new initiative would help to improve returns on pension funds.

Ehimeme said the main objective of the Retirement Savings Account Multi-Fund Investment structure was to resolve the challenge of asset- liability risk management experience by pension funds.

This, he noted, would be achieved by better aligning the risk return expectations of contributors, better matching of pension assets and liabilities, and diversification of pension fund portfolios.

To achieve this, he said minimum limits would be set for aggregate investments in variable income securities for each of the four funds under the scheme.

Ehimeme stated that the first and second funds would be for young contributors under 49 years, adding that between 60 per cent and 70 per cent of these contributions would be invested in bonds and treasury bills, while the balance would be invested in money market and other instruments.

PENSION FUND

0 Comments

TODAY IN
HOME

2019 elections may not hold if killings continue — Adeboye
Buhari should expect more protests from Christians — CAN President
Obasanjo’s group, SDP talks fail, CNM adopts new party this week
Violence, confusion as APC holds ward congresses
JUST IN

Notorious Kwara cult member dies in clash with guards
OAU owes Osun N384m tax, not N1.8bn —Varsity
It’s Middle Belt’s turn to produce president —Tor Tiv
I was angry with engineer for revealing worth of my Lekki house – Malaika
SPONSORED: Wema Bank in the spotlight at the London Stock Exchange
Barca don’t deserve Madrid guard of honour –Zidane
PDP petitions UN, accuses FG of human rights violations
APC earmarks N1.4bn for congresses, convention
Police recruitment: Applicants to undergo mental, HIV, pregnancy tests
Resign before May 29, Ortom tells aides seeking election
PDP, a lion woken from sleep, says Fayose
POPULAR POSTS

Davido, Wizkid, Simi win big at Headies Awards
Ekiti APC gov primary suspended indefinitely amid violence
I learnt about sex when I stumbled on dad and mum…
METRO PLUS READ MORE

Six robbers arrested in Bayelsa
Umahi orders cop’s prosecution over okada rider’s death
Church member assaults pastor over
Nigeria partners W’African countries to double cassava production
PUNCH VIDEOS

VIDEO: Six habits that fuel impotence

[VIDEO] Kyari, Oyo-Ita argue over leaked memo, as Osinbajo watches

VIDEO: Moments from The Best FIFA Football awards 2017

VIDEO: Why most young working-class bachelors are broke

VIDEO: 23 Nations which have qualified for 2018 World Cup

VIDEO: Seven tips to avoid monkeypox infection
Next Section
News
Classic version
marfeel logo
© 1971-2017 The Punch newspaper

2′
FEATURED
2019 elections may not hold if killings continue — Adeboye
Published
Punch Newspapers – The most widely read newspaper in Nigeria logo
11:44PM

SHARE
Previous articleNigeria’s pension assets rise to N7.779tr
Next articleNDIC Concludes Arrangement to Pay First Liquidation Dividend To Creditors of Five Closed Banks
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.