RSA return is an amount equal to the total pension contribution made, plus investment returns.
To what extent is the NSE Pension Index an appropriate benchmark?
With inflation holding steady, the low yields end up translating to negative returns.
Even the fund manager stands to gain from transparency in reporting mutual fund activities.
Nigerian Mutual Funds do not make their financial reports public.
SEC stated that all the fund managers of collective investment schemes are to comply with the new rules.
Many companies are unable to create new jobs, hence the problem pension fund managers have noticed.
Though Nigeria is not on the OECD list, pension asset value in Nigeria grew by 18.3%.