Pension Fund Hits N16.12tr
Pension fund assets have continued its growth trajectory hitting N16.107 trillion in May, this year from N15.771 trillion the previous month. This represents a growth of N336 billion and 2.13 percentage growth. Also, Retirement Savings Account (RSA) membership moved to 9.99 million during the period under review.
Pension fund assets have continued its growth trajectory hitting N16.107 trillion in May, this year from N15.771 trillion the previous month. This represents a growth of N336 billion and 2.13 percentage growth. Also, Retirement Savings Account (RSA) membership moved to 9.99 million during the period under review.
PenCom stated this in its monthly report on pension funds industry portfolio for the period ended May 31, 2023. The pension sector regulator maintained that out of the N16.107 trillion recorded in May, Pension Fund Administrators (PFAs) invested 10.43 trillion in Federal Government of Nigeria (FGN) Securities. The Nation